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Prince's estate will operate studio complex Paisley Park

Graceland Holdings, which runs Elvis Presley's tourist attraction in Memphis, Tennessee, had been operating Prince's Paisley Park as a museum since October 2016
Credit: AP
FILE - In this Feb. 4, 2007, file photo, Prince performs during the halftime show at the Super Bowl XLI football game in Miami. The saga to settle Prince's estate provides a cautionary tale about what can happen when someone dies without leaving a will, as he did when he died of an accidental opioid overdose at his Paisley Park studio April 21, 2016. (AP Photo/Chris O'Meara, File)

CHANHASSEN, Minn. — Prince's estate will take over management of the late rock star's studio complex near Minneapolis.

Graceland Holdings, which runs Elvis Presley's tourist attraction in Memphis, Tennessee, had been operating Prince's Paisley Park in Chanhassen as a museum since October 2016.

Prince's oldest sibling, Sharon Nelson, says the family will manage Paisley Park because the contract expires at the end of September. She says the family is not unhappy with Graceland Holdings or making the decision because of economic reasons.   

The Star Tribune reports Nelson says there are differences of opinions among the heirs, so the estate's administrator, Comerica, will be making the final decisions on how to operate the landmark. 

Prince died at age 57 of an accidental overdose of fentanyl at Paisley Park April 21, 2016.