Elvis Presley's fabled home Graceland is set to receive a new slate of upgrades to the tune of $45 million.

The new project will include a massive expansion to the grounds including a 200,000 square-foot entertainment complex and a new visitor center expanded by five times.

"We are thrilled to bring Elvis fans the opportunity to explore the things that Elvis loved and what he would have loved today — the music, the technology, the experiences," says Joel Weinshanker, managing partner of Graceland Holdings, LLC.

""Elvis: Past, Present & Future" will enable our visitors to live a day in the life of Elvis Presley.

Whether you've been to Graceland multiple times or have yet to make the trip, we know that you will be entertained, educated and inspired like never before, here at the world's greatest music landmark."