UPDATE: Bremer Trust Denies Plans To Sell Prince’s Paisley Park Complex

first_img*UPDATE* Bremer Trust released a statement earlier today, denying any plans to sell the estate. “Contrary to some recent media reports, Bremer Trust, the special administrator for the Prince Rogers Nelson estate, has no plans to sell either Paisley Park or the property referred to as the ‘Purple Rain’ house. There is no additional formation to share on this topic.”Sad news out of Minnesota, as it appears that Prince‘s famous Paisley Park complex is about to hit the market. When the versatile songwriter and performer passed away, he left no will, and since then several family members have stepped forward to attempt to take the lead on the estate. However, with no clear heir, a bank has been managing the estate, and they recently delivered a list of several of the Purple One’s properties that they intend to sell off, with Paisley Park topping the list.The 60,000 square foot complex–which includes a large home, recording studio, concert venue, and bank vault–is legendary (to say the least), worth over $7 million, and was the home to countless parties and recording sessions, as well as several late-night basketball games. Prince’s family had planned to turn the complex into a Prince-themed museum, and it seems that they are preparing to fight the estate managers in court to block the sale of the famous mansion.With a legal battle brewing, we can only hope that whomever ends up being in charge of Paisley Park finds a way to pay tribute to Prince at the home and studio where he spent so much time.[via TMZ]last_img read more