A rainbow appears over Paisley Park near a memorial for Prince, April 21 2016.
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Prince’s estate got such an opportunity thanks to the Graceland Holdings LLC, which is operating in the Graceland mansion, home of Elvis Presley’s in Memphis, since 1982. The documents request the assistance of the operational expertise of an experienced property management team, though the estate will maintain ownership of the property. If the city approves the partnership, Paisley Park could also begin renting out recording studios to other artists. Additionally, thousands of personal artifacts from Prince’s archives – concert wardrobe, awards, instruments, artwork, rare recordings and more – will be on display. Tickets go on sale at 3 p.m. Friday. VIP tours for smaller groups are also available at $100 or more per guest.
Per the proposal, tickets for 70-minute tours of Paisley Park will start at under $40. Peak traffic is forecast at 1,500 to 2,000 people per day. No walk-up sales will be allowed.
An application for development review and a business plan were submitted to the City of Chanhassen.
Prince’s home Paisley Park will be a museum, said his trustee’s estate on August 24.
The 57-year-old Prince did not leave a will.
The court dismissed an objection, filed by a prisoner who says he is Prince’s son, that it was premature to monetize Paisley Park amid disputes over heirship.
An official family tribute concert for Prince will be held October 13 at the U.S. Bank Stadium in Minneapolis. Earlier this month, Bremer Trust asked a judge for permission to sell several Prince properties.
The criminal investigation is continuing.
The Purple Rain hitmaker staged a party for fans at Paisley Park just days before he died. According to his family and estate holders, this would have been a dream come true for Prince, who always wanted to the leather-clad legend. Authorities are still investigating how Prince obtained the drugs.
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Prince performs during the halftime show of the NFL’s Super Bowl XLI football game between the Chicago Bears and the Indianapolis Colts in Miami, Florida, February 4, 2007. Later autopsy results indicated he died of an accidental overdose of the painkiller fentanyl.
