Elvis Presley Lisa Marie Priscilla Presley city Memphis Pop show death Elvis Presley Lisa Marie Priscilla Presley city Memphis

Elvis Presley: ‘His spirit is at Graceland' Priscilla's ‘sacred' memories of King - WATCH

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Graceland opened for tours, some five years after Elvis Presley's death in 1977. The King had left the Memphis mansion to his only child, nine-year-old Lisa Marie, but with the estate costing $500,000 a year to run it looked like the family might have to sell up.

The executor, her mother and Elvis' ex-wife Priscilla Presley, made the radical decision of opening up the house as a tourist attraction to keep it for their daughter.

This gamble paid off and Graceland has proven not only to be very profitable but also a great way of preserving Elvis' legacy.

In a new video on the 40th anniversary, Priscilla remembered how terrifying the opening day on June 7, 1982 was for her. It was like sending an invitation to the world for $5 a pop with no RSVP.

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