Graceland bonds
WebJul 26, 2024 · EDGE originally issued $104.3 million in Graceland Project bonds in 2024, some of which were unrated or identified as high risk. Different revenue streams from Graceland, tied to a slew of new ... WebJul 18, 2024 · S&P only rates the $24.4 million taxable series B Graceland bonds, which remain current on debt payments because they’re secured by a senior lien on a 5% tourism surcharge on stuff bought within...
Graceland bonds
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WebJan 13, 2024 · Graceland has been crippled by the pandemic with a lack of tourism, leaving the royal estate $20 million in debt — and a tussle between his trust and the state. The Home of Elvis issued $104 million to expand the Memphis estate, but the bonds issued by the Economic Development Agency (EDGE) of Memphis and Shelby Counties were not … WebJul 24, 2024 · By Alexandra Peers, CNN Business “The Mississippi Delta is shining like a National guitar… And for reasons I cannot explain there’s some part of me wants to see Graceland.” Paul Simon ...
WebJul 24, 2024 · Much has changed. Covid-19 hurt Graceland so much that Tennessee state-issued bonds tied to tourist revenue have gone into default. The city of Memphis, the state and Elvis Presley Enterprises are ... WebJul 25, 2024 · Throughout 2024 and continuing into this year, payments haven't been made for several series of its bonds and others have been paid from bond reserve funds, …
WebJul 13, 2024 · The trustee tapped reserves -- something it’s been doing since July, 2024 -- to pay two series of bonds, and defaulted on another three series of bonds used to pay for … WebJul 24, 2024 · The city of Memphis, the state and Elvis Presley Enterprises are squabbling over how this happened and how to fix a slide that brought some $20 million of …
WebJul 24, 2024 · Different revenue streams from Graceland, tied to a slew of new taxes — sales, tourist and property — were each pledged to different series of the bonds. About …
WebJul 6, 2024 · According to the notice, the events of default related to the failure to make the July 2024 and January 2024 interest payments on the Series 2024C bonds are … campgrounds near random lake wicampgrounds near redgranite wiWebJul 25, 2024 · About $20 million of the originally issued $104.3 million in Graceland Project bonds have gone into default. Some of the bonds, which were issued in 2024 by state’s Economic Development... first trust online shoppingWebJul 14, 2024 · S&P only rates the $24.4m taxable series B Graceland bonds, which remain current on debt payments because they’re secured by a senior lien on a 5% tourism surcharge on stuff bought within the... campgrounds near rausch creekWebJul 25, 2024 · Covid-19 hurt Graceland so much that Tennessee state-issued bonds tied to tourist revenue have gone into default. The city of Memphis, the state and Elvis Presley Enterprises are squabbling over how this happened and how to fix a slide that brought some $20 million of Graceland Project bonds down to “junk” status. campgrounds near redkey inWeb2 days ago · AL's Case finds right fit at Graceland. Trevor Maeder. Apr 11, 2024. (Council Bluffs) -- Faith Case had no idea when she visited Graceland as a freshman that she would return. Fast forward three ... campgrounds near rancho cucamongaWebThis August 2010 file photo shows Graceland, Elvis Presley's home in Memphis, Tennessee. (AP Photo/Mark Humphrey, File) Elvis Presley Enterprises had to transfer money from a reserve fund to cover the cost of some bonds, but some bonds were unable to … campgrounds near rangeley lake maine