The future of Beale Street has been a heavily debated issue by the political figures in Memphis. The idea that private entities could purchase Beale Street has been a worry for many because of the economic stimulation that the tourist area provides. Groups such as Elkington’s Performa Entertainment Real Estate and the Downtown Memphis Commission have both expressed interest in obtaining Beale Street. The Olive Branch movers know that Beale Street attracts about 4 million visitors per year, so the ownership is an essential part of predicting the future of the area.

Beale Street is known as Tennessee’s most visited tourist attraction, even past Graceland. The city would like to maintain ownership of the street and also revamp how the street is governed and managed in the future. Part of these discussions will involve what type of musical acts and entertainers come to the area, as well as other events taking place on Beale Street to attract tourism. Read more about the debates and proposed ideas here.