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Graceland may remove Presley’s old airplanes

By WTOP Staff

ADRIAN SAINZ
Associated Press

MEMPHIS, Tenn. (AP) — For 30 years, tourists from around the world have paid money to get a look at two airplanes once owned by Elvis Presley at Graceland in Memphis. Fans enjoy touring the planes for their direct connection to Presley and his jet-setting lifestyle, a sort of touchstone to the life of the King of Rock and Roll and his family.

By April of next year, the planes named Lisa Marie and Hound Dog II could be gone.

Elvis Presley Enterprises, which operates the Graceland tourist attraction, has written to the planes’ owners saying they should prepare to remove the jets from Graceland by next spring.

The planes have been a tourist attraction since the mid-1980s. They had been sold after Presley’s death, and were eventually purchased by OKC Partnership in Memphis.

OKC Partnership and Graceland agreed to bring the two jets to Graceland. The agreement called for OKC Partnership to receive a cut of ticket sales in return for keeping the planes there.

In an April 7 letter to OKC Partnership’s K.G. Coker, Elvis Presley Enterprises CEO Jack Soden says the company is exercising its option to end the agreement and asks Coker “to make arrangements for the removal of the airplanes and the restoration of the site on or shortly after April 26, 2015.”

Their removal could cause an uproar among fans, especially those who visit Graceland every year as part of an annual pilgrimage to events such as Elvis Week and the candlelight vigil commemorating Presley’s death.

Dedicated Elvis fan Paul Fivelson of Algonquin, Illinois, says he expects many fans will be upset to hear the planes may be leaving.

“The people who come to Memphis for Elvis Week like seeing those planes there because it’s just part of the whole aura of what Elvis was about,” Fivelson said Tuesday. “It would be kind of blasphemous to take them away, and I think there are probably a lot of fans who will feel the same way.”

The disclosure also raises questions about the future use of the site where the airplanes now sit, across the street from Presley’s longtime home.

Elvis Presley Enterprises declined immediate comment.

In November, New York-based Authentic Brands Group bought Elvis Presley Enterprises and the licensing and merchandising rights for Presley’s music and image from CORE Media Group. As part of the deal, Joel Weinshanker, founder of the National Entertainment Collectibles Association, acquired the operating rights to Graceland, which attracts about 500,000 visitors each year.

After the sale, Authentic Brands said upgrades to the tourist attraction were planned. Earlier this year, Elvis Presley Enterprises announced plans to build a 450-room hotel, theater and restaurant, with a projected opening date of August 2015. Their plan was approved Tuesday by the Memphis City Council.

Today, Graceland visitors can buy a ticket that includes a tour of Presley’s home-turned-museum and the two airplanes. Fans climb into the airplanes for an up-close look at their interiors.

The larger plane, a Convair 880 named after Presley’s daughter Lisa Marie, is like a customized flying limousine, complete with a large bed, a stereo system, conference room and gold-plated bathroom fixtures. It was renovated after Presley bought it from Delta Air Lines. Presley took his first flight on it in November 1975.

When Presley died on Aug. 16, 1977, Presley’s pilot flew the Lisa Marie to California to pick up Presley’s ex-wife, Priscilla Presley, to bring her back to Memphis.

The smaller jet, a JetStar named the Hound Dog II, was also used by Presley.

At one point, after the planes were sold following the singer’s death, the Lisa Marie was owned by Raymond Zimmerman, owner of the Service Merchandise chain, according to Coker. The Hound Dog II was in the hands of Hustler head Larry Flynt for a time, Coker said.

OKC Partnership eventually bought the planes and the Lisa Marie was installed at Graceland in 1984. The Hound Dog II came later.

Coker, 76, says OKC may sell the planes if they’re removed from Graceland, but he still hopes to negotiate a deal that would keep the planes there. Coker acknowledges that he and his partners would lose money from ticket sales if the planes were removed.

“I would love to see the airplanes stay where they are forever,” Coker said. “Millions of fans have toured those airplanes and there’s a real connection between fans and those airplanes. Those airplanes are part of the Elvis experience.”

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Don’t Settle for Student Loans to Pay for Online Education

By WTOP Staff
Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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