FACT Magazine Prince’s family prepare to fight sale of Paisley Park @ Musique Non Stop |  |
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Posted: 05 Aug 2016 02:35 PM PDT
The home and studio is valued at over $7 million.
Prince’s Paisley Park mansion is reportedly set to hit the market, but the late musician’s family are gearing up to block the sale of the Minnesota property. The bank managing Prince’s estate has filed documents asking a court to let it sell several of Prince’s properties, reports TMZ. Paisley Park isn’t up for sale yet, but the documents value the 60,000 square feet compound at just over $7 million. The bank has also hired a real estate agent. Sources close to Prince’s family told TMZ that they plan to “do everything they can to block the administrators” from selling the house, which was built by Prince in the mid '80s. Prince’s property portfolio also includes the Minneapolis home where The Kid, Prince's character in Purple Rain, was meant to have lived. The house was bought by Prince after it went up for sale last summer. Last month Prince's family confirmed a tribute concert will be held in Minnesota on October 13. In more upsetting news, The X Factor is planning to pay tribute to Prince and David Bowie by hosting special theme weeks during the 2016 series. Read next: Prince was the baddest motherfucker on the planet The post Prince’s family prepare to fight sale of Paisley Park appeared first on FACT Magazine: Music News, New Music..  |
