ISaidLifeIsJustAGame said:

ISaidLifeIsJustAGame said:

YaThink said:

ISaidLifeIsJustAGame said:

The family is being consulted. The documents filed by Bremer Trust indicate the family was consulted and agreed with the licensing agreement with BET and the Estate for the use of P's image and music on the show.

Also, filings with the Court regarding business agreement protocols provide for notice to potential heirs and how and when the heirs must respond with objections as to any potential business agreements.

I'm sorry, but you are assuming. No disrespect intended.

I am assuming what??

ISaidLifeIsJustAGame said:

YaThink said:

ISaidLifeIsJustAGame said:

I am assuming what??

Being notified does not mean consulted, or having a say in any outcome.

Either way, the decision to sell off some of his property is a responsible one since he is not here to make money through concerts. The article implied that the family is not sentimental about P's property and possessions (and by extension, Prince himself). But, as someone stated earlier, it's TMZ so what should we expect.

[Edited 8/1/16 18:13pm]

YaThink said:

ISaidLifeIsJustAGame said:

I am assuming what??

Being notified does not mean consulted, or having a say in any outcome.

Hahahahahahahaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa

teach49 said:

was it not TMZ reported his OD coming back for Atlanta? Or his death before the major networks??

Sorry, but TMZ is pretty accuarte most of the time....

IamBryan said:

was it not TMZ reported his OD coming back for Atlanta? Or his death before the major networks??

Sorry, but TMZ is pretty accuarte most of the time....

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In THIS case, TMZ saw the court filing that was posted and put their own spin on it.

The truth is that the family can't be sentimental about everything (and there is SO MUCH -- a big warehousefull, Paisley Park and two other locations). They can speak for what they want to keep at Paisley and they will each be able to speak for some personal property.

The only way the family could be sentimental about it ALL is if they could afford to pay that gigantic tax bill that is coming up. Even with a will, that would happen.

IamBryan said:

IamBryan said:

laurarichardson said:

ISaidLifeIsJustAGame said:

The family is being consulted. The documents filed by Bremer Trust indicate the family was consulted and agreed with the licensing agreement with BET and the Estate for the use of P's image and music on the show.

Also, filings with the Court regarding business agreement protocols provide for notice to potential heirs and how and when the heirs must respond with objections as to any potential business agreements.

--/ The family is aware of what is going.

That's what he said. Why are you manufacturing something to argue about on every thread?

KnightPhantom said:

Is it just me, or is anyone else upset that the estate, that P worked so hard at building, is now being dismantled? I know it is necessary, but it still sucks...

Sucks...but necessary to untangle.

Prince’s Properties Set to Be Sold Off By Estate Administrator

Source: http://variety.com/2016/d...01828004/.

Se7en said:

I honestly don't think that Prince gave a second thought to what might happen with his money AFTER he was gone. For the Vault, I have a feeling that not having a will is his way of taking a passive stance on the contents. As in, being a JW might preclude him from releasing some raunchy early stuff… but as a human, deep down, he loves these things he's created and didn't want to destroy them. So he leaves them in there unreleased…passively satisfying his JW beliefs, but knowing all along that SOMEDAY they'd be released by others after he was gone. Any music released posthumously no longer has bearing on Prince's spiritual journey. He's gone.

Se7en, these are very interesting thoughts. Who knows what Prince was thinking, but I find your train of thought to be insightful.

KnightPhantom said:

KnightPhantom said:

babynoz said:

KnightPhantom said:

Vee0319 said:

KnightPhantom said:

Is it just me, or is anyone else upset that the estate, that P worked so hard at building, is now being dismantled? I know it is necessary, but it still sucks...

I understand how you feel. Personally I hope they keep the properties , may be not the vacant lots, but the properties in Minneapolis. It would be wonderful to have a Prince tour to all his properties and favorite restaurants, the record store Electric Fetus. People would travel from all over the world to Minneapolis for this tour. They can go ahead and sell off his resort property and other out of state property.

There are tours:) A recent story was from a man who was in Chicago for business and arranged to have a "Prince" site tour. It was pretty cool. Definitely thre are opportunities to but usually they are offered by nonprofit groups for each location because of the costs.

From what we're reading it sounds like Prince invested in property--like others invest in stocks today. So dispersal of some of them makes sense--like you would stocks when you need liquid assets. Apparently there isn't cash in the banks anymore and climate control has to be maintained at PP. Home, his primary muse.

Prince purchased the house used in Purple Rain for around $100K last year. According to the tourist, the property needs work. Anyone know who was the properties manager? Someone must still be arranging to have the lawns mowed. Maybe Bremer is doing that now.

I agree with vee0319. Sell the out of state properties that have little association with Prince other than that he owned them. Use the funds to keep the MN ones together including the land near PP. I wonder what the view was from his private apartments... maybe it was the prairie.

"...I've heard about those happy endings
But it's still a mystery
Lemme tell you about me
I'm happiest when I can see
My way back home..." Way Back Home/Art Offical Age

I would sell every property but Paisley Park. An issue would be the homes being lived in by any heirs. Then, there has to be the auction of the personal property in "the warehouse." From shoes to stages - if it is still all in one building complex - all of it should be sold. The memorabilia cannot be kept forever. There isn't money to do that, and probably there isn't any desire to do it. I personally would like to buy one pair of his shoe boots with the symbol pull-chain. I once read that there had been water damage to the vault so, if that is true, then PP has to be examined from top to bottom, repaired and/or renovated to bring it up to code, and at that time become a working facility again.

[Edited 8/2/16 4:26am]

babynoz said:

That's what he said. Why are you manufacturing something to argue about on every thread?

[Edited 8/2/16 6:28am]

Se7en said:

I honestly don't think that Prince gave a second thought to what might happen with his money AFTER he was gone. For the Vault, I have a feeling that not having a will is his way of taking a passive stance on the contents. As in, being a JW might preclude him from releasing some raunchy early stuff… but as a human, deep down, he loves these things he's created and didn't want to destroy them. So he leaves them in there unreleased…passively satisfying his JW beliefs, but knowing all along that SOMEDAY they'd be released by others after he was gone. Any music released posthumously no longer has bearing on Prince's spiritual journey. He's gone.

Agreed! Never considered that myself but it certainly makes sense to me.

KnightPhantom said:

Is it just me, or is anyone else upset that the estate, that P worked so hard at building, is now being dismantled? I know it is necessary, but it still sucks...

He worked hard at building the estate, but also made the decision not to leave a will. I will not pretend to understand Prince's thought process regarding these matters.

1Sasha said:

I would sell every property but Paisley Park. An issue would be the homes being lived in by any heirs. Then, there has to be the auction of the personal property in "the warehouse." From shoes to stages - if it is still all in one building complex - all of it should be sold. The memorabilia cannot be kept forever. There isn't money to do that, and probably there isn't any desire to do it. I personally would like to buy one pair of his shoe boots with the symbol pull-chain. I once read that there had been water damage to the vault so, if that is true, then PP has to be examined from top to bottom, repaired and/or renovated to bring it up to code, and at that time become a working facility again.

[Edited 8/2/16 4:26am]

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I disagree. The costumes, stage sets and photography collections must be maintained if Paisley Park is to become a museum.

A museum is not static; they have to mount "events" and change the displays often to keep people coming back.

Don't forget that P's recording studios were state of the art when built but he preferred old-style analog rather than computerized recording. Sure, they can be used but they also need to be maintained "as he wanted them".

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Mumio said:

babynoz said:

That's what he said. Why are you manufacturing something to argue about on every thread?

[Edited 8/2/16 6:28am]

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Thank you.

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laytonian said:

1Sasha said:

I would sell every property but Paisley Park. An issue would be the homes being lived in by any heirs. Then, there has to be the auction of the personal property in "the warehouse." From shoes to stages - if it is still all in one building complex - all of it should be sold. The memorabilia cannot be kept forever. There isn't money to do that, and probably there isn't any desire to do it. I personally would like to buy one pair of his shoe boots with the symbol pull-chain. I once read that there had been water damage to the vault so, if that is true, then PP has to be examined from top to bottom, repaired and/or renovated to bring it up to code, and at that time become a working facility again.

[Edited 8/2/16 4:26am]

.

I disagree. The costumes, stage sets and photography collections must be maintained if Paisley Park is to become a museum.

A museum is not static; they have to mount "events" and change the displays often to keep people coming back.

Don't forget that P's recording studios were state of the art when built but he preferred old-style analog rather than computerized recording. Sure, they can be used but they also need to be maintained "as he wanted them".

.

.

Excellent points!

laytonian said:

1Sasha said:

I would sell every property but Paisley Park. An issue would be the homes being lived in by any heirs. Then, there has to be the auction of the personal property in "the warehouse." From shoes to stages - if it is still all in one building complex - all of it should be sold. The memorabilia cannot be kept forever. There isn't money to do that, and probably there isn't any desire to do it. I personally would like to buy one pair of his shoe boots with the symbol pull-chain. I once read that there had been water damage to the vault so, if that is true, then PP has to be examined from top to bottom, repaired and/or renovated to bring it up to code, and at that time become a working facility again.

[Edited 8/2/16 4:26am]

.

I disagree. The costumes, stage sets and photography collections must be maintained if Paisley Park is to become a museum.

A museum is not static; they have to mount "events" and change the displays often to keep people coming back.

Don't forget that P's recording studios were state of the art when built but he preferred old-style analog rather than computerized recording. Sure, they can be used but they also need to be maintained "as he wanted them".

.

.

I have made this point on another thread, but PP would have to have other revenue streams besides just being a museum in order to remain viable. It could be an event center for concerts, weddings, and so forth.

--

If PP does not remain open as a museum, perhaps the estate could negotiate an arrangement whereby a museum such as the Minnesota History Center acquires the contents of Paisley Park, and uses some of the items as a permanent display. The museum could hold special exhibits of other items. Perhaps there could be a Prince Week each year in order to maintain/grow interest in his legacy. The estate could set up a fund to preserve Prince's belongings into perpetuity, for example by dedicating a portion of future music and video sales into a preservation trust fund. Detailed videos and photos could visually "preserve" PP if the property is sold.

Sell every property except Paisley Park. Set that up as a museum for public use in the warmer months (May thru October maybe) during daylight hours. At night, use it as an active recording studio or for special events like weddings, birthdays, private concerts, etc.

A team of docent/security would be on hand at all times to make sure that nothing was destroyed or stolen.

On top of that, start releasing Vault contents in various waves. A definitive Prince Concert Series to start, remasters, etc. Get some cash flowing in.