By: Yahoo Finance
(01-03-2002)

MEMPHIS, Tenn., March 1 /PRNewswire/ -- Legions of Elvis fans across the globe will soon be able to experience another side of the music legend''s life by visiting a resort to be built on land once owned by The King of Rock ''n'' Roll.

The resort includes 157 acres of ranch property in Walls, Mississippi, located near Memphis, that Elvis bought in 1967 and named ``The Circle G Ranch.'''' The ranch features several fan attractions including Elvis and Priscilla Presley''s ``Honeymoon House'''', Elvis'' barbeque pit, horse stables and riding area as well as a scenic footbridge Elvis built across one of the property''s two lakes.

The DeSoto County Planning Commission unanimously recommended approval for rezoning to planned unit development (PUD) of The Elvis Presley Ranch.

"We''re looking forward to building a premier resort destination that Elvis fans and visitors will enjoy coming to year after year," said J.D. Stacy, Vice President of Development for EPR Enterprises LLC. `"We have and will continue to work with all local and state officials on our development plans to ensure that we have the input of all parties involved as we begin to make The Elvis Presley Ranch a reality."

Spanning a total of 802 acres and located only 15 minutes from Graceland, The Elvis Presley Ranch will include a number of stellar attractions including a museum, retail center, restaurants, family entertainment center, wedding chapel, hotel and convention center, honeymoon cottages, concert auditorium and a 53,000 square foot replica of Elvis'' dream house. The resort will also have luxury condominiums built on two premier golf courses.

Total development costs are estimated at more than $517 million.

"Our objective for this resort is to build a place where Elvis fans and visitors can experience a part of his life in a setting that is wholesome, fun and memorable for the entire family," said Paul D''Agnese, President of EPR Enterprises LLC. "If everything goes according to plan, we hope to have a groundbreaking ceremony on the 25th anniversary of Elvis'' death."

SOURCE: EPR Enterprises LLC