by JENNIFER DUKE
(Video + Photos Below)
A hefty price tag has been put on Michael Jackson’s Neverland Ranch in California.
Expecting $75 million to $85 million (NZ$99.4m to NZ$112.6m), the 2700-acre property is officially available for sale. However, what it would be used for remains a topic of discussion.
In February, the New York Post reported that it may be turned into anything from a shrine to the Pop King, to a sexual assault rehabilitation centre.
Jackson stopped living at the ranch more than 10 years ago.
The extensive property is being sold by the hedge fund Colony Capital’s Thomas Barrack, who entered into an agreement with Michael Jackson in 2008 for a $23.5m holding in the property.
This has given them the power to sell the estate that has an upkeep of $5m (NZ$6.6m) per annum.
The Neverland Ranch originally had a two-storey arcade, a host of animals (including horses, lions, orangutans, reptiles and giraffes), a candy store, a cinema, bumper cars and numerous rides, as well as a famous miniature train and train station.
The 2700-acre property is officially available for sale
The animals and many of the rides have now been removed. There is also a seven-bedroom mansion.
Originally called Sycamore Valley Ranch, Michael Jackson bought the property in 1988. He stopped living at the ranch more than 10 years ago.
Source: stuff.co / JENNIFER DUKE
Video Below, MICHAEL JACKSON FUN AT NEVERLAND by manu gmz
MJ-Upbeat.com
See Excellent Photos Of Neverland Here: http://home.mj-upbeat.com/2014/08/01/photos-inside-michael-jacksons-neverland-ranch/
See Neverland Articles & More: http://home.mj-upbeat.com/?s=Neverland
.
Thank You For Visiting MJ-UPBEAT.COM!
.
i would love to be in the crowd for the homeless trip to neverland
They did him dirty…MJ FOR LIFE…He withstood it well….He will always be the best…Rest in Paradise Michael.