The wide area that surrounds the airport in Memphis, including Graceland, will have a major renovation in the next years. Besides the hunderd of thousands of tourists that are attracted to the city of music, the industry and medical campus are important players in the citys economy.
It is known for a long time that the connection between the airport and downtown Memphis is no warm welcome for the visitors. Tourists and business people can not bypass Brooks Road, with abandoned buildings and stripclubs.
EPE invests a lot of money in buying real estate in the neighborhoud to do their part in the renovation. Sillerman asked the city for an assurance that they will renovate those parts of the city, before buying his part in EPE.