What will become of Neverland Ranch?
Whither the Neverland Ranch? There appears to be a change of ownership at Michael Jackson's infamous property -- but it's unclear what it all means. From AP:
Michael Jackson has given up title to his Neverland Ranch, transferring the deed to a company he partly controls. The singer filed a grant deed on the ranch Monday that makes the new owner an entity called the Sycamore Valley Ranch Co. LLC, Tom Pearson of the Santa Barbara County clerk-recorder’s office said Wednesday.
Sycamore Valley Ranch Co. is a joint venture between Jackson and an affiliate of Colony Capital LLC, according to a person with knowledge of the transaction who was not authorized to speak on the record and requested anonymity. The person could not say what would become of the 2,500-acre property in the bucolic, oak-studded hills of Santa Barbara County’s wine country in Los Olivos, 120 miles northwest of Los Angeles.
Photo: LAT file