Neverland Ranch Sold For Knockdown Price

Moderator: Super Moderators

Post Reply
User avatar
Riddick
Pirate
Posts: 15705
Joined: 11-01-2002 03:00 AM
Location: Heartland USA
Contact:

Neverland Ranch Sold For Knockdown Price

Post by Riddick » 12-26-2020 10:06 AM

Billionaire investor Ron Burkle, a former family friend of Michael Jackson, recently bought the sprawling 2,700 acre (1,100 hectare) estate more than 10 years after the death of the pop star.

Neverland, a name taken from the "Peter Pan" tale of a boy who refused to grew up, became Jackson's favorite retreat and famously featured a zoo, a railway and theme park rides.

After the entertainer's death, the property was renamed Sycamore Valley Ranch, according to The WSJ. Public records show that it sold for $22 million. In 2015, the asking price was $100 million and in 2017 it was re-listed for $67 million.​

Jackson bought the property in Los Olivos, about 120 miles (193 km) north of Los Angeles, in 1988 for $19.5 million. After financial troubles, in 2008 he handed over the title to Colony Capital LLC, which held a loan on the property.

Burkle's spokesman said the businessman saw the investment as a land banking opportunity.

FULL STORY
A mind should not be so open that the brains fall out; however, it should not be so closed that whatever gray matter which does reside may not be reached. ART BELL

Everything Woke turns to Image
-Donald Trump Image

User avatar
fos
Pirate
Posts: 467
Joined: 01-18-2006 07:18 PM

Re: Neverland Ranch Sold For Knockdown Price

Post by fos » 12-26-2020 03:53 PM

Sounds like a hinky place to me. ;)

Typical Hollyweird...

User avatar
lisa colorado
Pirate
Posts: 85
Joined: 11-10-2015 09:15 PM
Location: Colorado

Re: Neverland Ranch Sold For Knockdown Price

Post by lisa colorado » 12-26-2020 05:33 PM

Michael Jackson was... a great performer. Not a great mind or healthy psychological example.

Post Reply

Return to “Books, Documentaries, Movies, TV Shows”