FOR IMMEDIATE RELEASE Statement from Elvis Presley Enterprises, Inc. Regarding its Settlement Proposal Memphis, Tenn. – March 27, 2018 – Elvis Presley Enterprises, Inc. (EPE) is extremely disappointed that the City of Memphis...
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FOR IMMEDIATE RELEASE Statement from Elvis Presley Enterprises, Inc. Regarding its Settlement Proposal Memphis, Tenn. – March 27, 2018 – Elvis Presley Enterprises, Inc. (EPE) is extremely disappointed that the City of Memphis has not taken its March 23rd settlement proposal seriously (a copy of which follows). Based on recent press reports and quotes from City Attorney Bruce McMullen, EPE believes it necessary to provide clarification on its settlement proposal. We strongly urge the City and the Grizzlies to either join with EPE in its request to have the Chancery Court interpret the FedexForum use and operating agreement and advise all of the parties as to what is permitted under that agreement, or agree to EPE’s settlement proposal. Settlement Proposal Key Facts: The arena construction would be funded without any TDZ, Surcharge or TIF revenues being used to pay for the arena. o The arena was proposed last year after extensive discussions wi
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