12/17/2004: Like I say, I'm not a true Memphian.....
or I would have mentioned this before now. Apparently, Lisa Marie Presley, daughter of The King (does that make her "The Princess"?) and sole (near as I can tell) heir to Elvis, has sold 85% of the ownership of Elvis Presley Enterprises (AKA Memphis' major industry) to "a Broadway media mogul" for approximately $100 million. Lisa Marie is retaining title to Graceland and its surrounding 13.6 acres.
$100 mil.... I wonder if Nic Cage is kicking himself now?
Len on 12.17.04 @ 08:28 PM CST