Michael Jackson's Home to Become California State Park?
Thu, 15 Jul 2010 11:21:28
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Michael Jackson's former home, the Neverland Ranch, could be California's next state park. Mike Davis, an Assemblyman, said that he believes it's worth studying whether the California Department of Parks and Recreation should take over the Neverland Ranch in Santa Barbara County, reports the Associated Press.
State parki-ifying the Neverland Ranch could bringing tons of tourist revenue for the money-challenged Golden State, as Davis believes that fans from all over the world would come to visit the former estate of their idol, the late King of Pop. The 2,500-acre property once boasted 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.
Colony Capital LLC, a Santa Barbara-based private equity firm, took control of Neverland 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. Those close to the estate declined comment at press time. Last year, Gov. Arnold Schwarzenegger proposed closing 220 of California's 279 state parks to save money, but later backed down. Instead, he and lawmakers agreed to close half the parks on certain days and reduce services.
Would you visit the Neverland Ranch if it was converted into a tourist haunt?