Paisley Park, in the Minneapolis suburb of Chanhassen, already has a large soundstage, two recording studios and the inner sanctum whe-re Prince lived — the basics for operating as a museum, performance space and recording venue. As no will has surfaced since Prince’s April 21 death of an accidental fentanyl overdose, the final decision will be up to whoever the courts determine will inherit the estate.
Bremer Trust, the special administrator of Prince’s estate, received permission f-rom a judge to hire entertainment industry experts to help determine how best to make money off Prince’s intellectual property.
Details are contained in an affidavit by Bremer Trust President Craig Ordal, which is now sealed due to confidential business information and the sensitive nature of negotiations. But a filing by an lawyer for Carlin Williams, a Colorado prison inmate who claims to be Prince’s son, said the affidavit shows that Bremer’s plans include hiring experts “on how to manage public tours of the grounds, facilities and buildings located at Paisley Park.”
Paisley Park, the home and studio of Prince, may be turned into a museum. Picture: Scott Olson/Getty Images/AFPSource:AFP
Prince hosted numerous parties and gatherings — some seemingly impromptu — at Paisley Park for years before his death. Shortly after it, his brother-in-law, Maurice Phillips, told the British tabloid The Sun that the family planned to turn it into a shrine to rival Graceland in Memphis, Tennessee. Longtime Prince collaborator Sheila E told “Entertainment Tonight” that Prince was already working on making it a museum, gathering memorabilia f-rom his career, including his motorcycle f-rom “Purple Rain.” And Jeremiah Freed, aka Dr. Funk and Dr. Funkenberry, a longtime fan and friend of Prince who hosts a podcast and website, said the pop superstar’s ideas kept evolving, including ways for fans to hear and see his vast archive of unreleased music and videos, so that it’d be a different experience each time.
Prince during his Super Bowl XLI halftime performance in 2007. Picture: AP Photo/Chris O'MearaSource:AP
Prince had the kind of stature that should generate fan interest for many years, said Meredith Rutledge-Borger, associate curator at the Rock and Roll Hall of Fame and Museum in Cleveland, comparing him with Michael Jackson and John Lennon.
“It’s a wonderful, wonderful ambition,” she said. “It’s going to be a lot of work. But they’re ahead of the game because they’ve got the stuff ... he kept the majority of everything very much to himself.” And she also expressed hope that the complex would continue Prince’s philanthropic work by serving as a music education centre for young people.
Prince performs at the Billboard Music Awards in Las Vegas. Picture: Chris Pizzello/Invision/APSource:AP
Prince’s 1985 song “Paisley Park” spoke of a place whe-re “admission is easy ... come 2 this place in your heart.” Any museum needs multiple revenue streams besides ticket sales, said Allan Hammons, who was instrumental in developing both the B.B. King Museum and Delta Interpretive Center in Mississippi and the new GRAMMY Museum Mississippi. Such sources can include retail sales and space rentals for meetings and events. It also helps to stage new temporary exhibitions to bring people back, he said.
Prince performs onstage during the 2007 NCLR ALMA Awards held in Pasadena, California in 2007. Picture: Kevin Winter/Getty Images for NCLRSource:Getty Images
“You have to be creative, there’s no doubt about that,” Hammons said. “And you have to work at it constantly.”
One advantage that Graceland and the B.B. King Museum have is that the artists are buried on site, so visitors can pay their respects, he said. Prince’s relatives haven’t said what they’ve done or intend to do with his cremated remains.
Nothing has come yet f-rom talk of creating a similar shrine for Michael Jackson, who died in 2009. His sprawling Neverland estate in Los Olivos, California, was put on the market over a year ago for $100 million. Although three or four interested buyers have toured it, no offers have been accepted, according to real estate agent Suzanne Perkins. Its location more than a two-hour drive f-rom Los Angeles could limit its appeal as a tourist hotspot anyway. Officials with Graceland and Elvis Presley Enterprises declined to comment on possibilities for Paisley Park. But Freed winced at the comparisons with Graceland: “Paisley Park is far funkier than Graceland will ever be.”