Michael Jacksons Neverland Ranch To Become State Park?

Michael Jackson's former home, The Neverland Ranch could become the latest addition to the numerous state parks in the state of California.

Making Neverland a state park is the brainchild of California Assemblyman Mike Davis. Davis says that the Santa Barbara estate as a state park is an idea worth taking into consideration.

Currently, Colony Capital LLC, a Santa Barbara-based private equity firm, has control over the property in a venture with Jackson after he nearly lost the estate to foreclosure. Jackson signed over control of the estate to Colony Capital for $35 million in 2008. That company now co-owns the estate with the Jackson family. Colony spokesman Owen Blicksilver declined to comment on the proposal.

The 2,500-acre estate once housed amusement park rides and a zoo with tigers and snakes, but many of the estate's attractions were dismantled or sold after his death in 2009.



 

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