Resort status in works for Circle G Ranch: Horn Lake Board of Mayor and Aldermen agreed Tuesday to support seeking qualified resort status for the old Circle G Ranch, formerly owned by the late Elvis Presley. In hopes of hastening progress of the proposed $600 million golf and entertain resort, board members voted to send a letter on behalf of the developers to the Alcohol Beverage Commission division of the state tax commission. The letter will work as support for the tax commission granting the special status to the development. The board also approved a name change for the development to CGR International, Circle G Resorts Home of Elvis Presley Ranch. Developers were represented by J. D. Stacy, who has been working for years to make something of the vacant land but failed to secure the financing necessary to purchase the 155-acre property from the McLemore family. Stacy’s current plan features two hotels, two golf courses and a theatre. However, Stacy is not the only party expressing interest in purchasing the old Circle G Ranch. A Marion, Ark. developer, Jerry Hansard, has announced his intent to negotiate a deal to purchase the property. Hansard’s vision for the old Circle G include a music library, medical and residential community, he said in a DeSoto Times story last month. (News, Source: DeSoto Times)