MEMPHIS, Tenn. — Elvis Presley Enterprises is asking a court to allow it to seek public funds to help it build a new 6,200-seat entertainment venue at Graceland.

The company, which operates the Graceland tourist attraction in Memphis, said in a news release Wednesday it filed for a declaratory judgment in Shelby County Chancery Court.

Graceland says extending tax incentives for the venue would not violate non-compete agreements between the city and the FedExForum.

According to The Commercial Appeal, the agreement prevents other Memphis locations financed with public money from hosting concerts with more than 5,000 spectators.

In a statement, the city said it doesn’t object to Graceland building the venue. The statement says “that option is available to it without the use of public funds, and it is free to do so.”