Pursuits

Elvis Lives in Graceland Bonds Due 67 Years After King’s Death

Lock
This article is for subscribers only.

Every year, 600,000 people pay as much as $74 to tour Elvis Presley’s Memphis mansion, gaping at animal skulls and stained-glass peacocks, lime-green shag carpet on the Jungle Room’s floor and lime-green shag carpet on its ceiling.

Now a development authority plans to sell as much as $125 million in bonds in January to finance improvements at Graceland. They’re counting on the curious to keep streaming to the privately owned estate for decades, generating sales, property and special tourism taxes to pay the debt over as long as 30 years.