Memphis is large enough for the Grizzlies and Graceland to coexist, but the two have been at odds over a possible arena that could rival the NBA team’s FedExForum home. A recent ruling by Tennessee’s Court of Appeals means that Graceland’s owner, Elvis Presley Enterprises (EPE), will be unable to draw from public funding should it pursue what has been described as a “$40 million to $50 million, 6,200-seat facility with a half-arena format and light and sound technology to host concerts, graduations and basketball tournaments.”