Neverland Ranch

From Wikipedia, the free encyclopedia - View original article

 
Jump to: navigation, search

Coordinates: 34°44′43.516″N 120°5′17.750″W / 34.74542111°N 120.0882639°W / 34.74542111; -120.0882639

Neverland Valley Ranch (formerly the Sycamore Valley Ranch)[1] is a developed property in Santa Barbara County, California, located at 5225 Figueroa Mountain Rd Los Olivos, CA 93441, most famous for being the home of American entertainer Michael Jackson from 1988 to 2005.[2] Jackson named the property after Neverland, the fantasy island in the story of Peter Pan, a boy who never grows up. The ranch is located about five miles (8 km) north of unincorporated Los Olivos, and about eight miles (13 km) north of the town of Santa Ynez.

The Chamberlin Ranch is to the west, and the rugged La Laguna Ranch, where the Zaca Fire began, is to the north. The Santa Barbara County Assessor's office says the ranch is approximately 3,000 acres (12,14 hectares).[3] It is currently owned by the Sycamore Valley Ranch Company, LLC.[1]

Contents

Michael Jackson residence

Train station, July 2009
Amusement rides, August 2008

Jackson purchased the property from golf course entrepreneur William Bone in 1988[4] for a sum variously reported to be 16.5 to 30 million US dollars.[5] It was Jackson's home as well as his private amusement park and it contained a floral clock, numerous statues of children, and a petting zoo. The amusement park included two railroads: one 36" (914 mm) gauge with a steam locomotive (Crown 4-4-0 (2B), built 1973, with two coaches) and the other a 24-inch (610 mm) gauge amusement train ride-type, and also a Ferris wheel, Carousel, Zipper, Octopus, Pirate Ship, Wave Swinger, Super Slide, dragon wagon kiddie roller coaster and bumper cars, and an amusement arcade. Michael Jackson was also an avid art collector. According to Yves Gautier in the book, “Michael Jackson, Backdoor to Neverland”: “Though few know about it, Michael Jackson is a voracious reader and there is a 10,000-volume library in the Neverland Ranch, that focuses on art, psychology and poetry.

Jackson said in 2003 that he would not return to the property, saying that he no longer considered the ranch a home, feeling the 70 police officers had "violated" it in their searches.[6] In 2006, the facilities were closed and most of the staff were dismissed, with a spokesperson stating that this was the reflection of the fact that Jackson no longer lived there.

Jackson sold this property in November 2008 to Sycamore Valley Ranch Inc, a real estate company that he owned in part.[7]

Financial status

Foreclosure proceedings commenced against Neverland Ranch on October 22, 2007.[8][9] However, a spokesperson for Jackson said that the loan was merely being refinanced.[10]

Former zoo buildings, July 2009

On February 25, 2008, Jackson received word from Financial Title Company, the trustee, that unless he paid off $24,525,906.61 by March 19, a public auction would go forward of the land, buildings, and other items such as the rides, trains, and art.[11][12] On March 13, 2008, Jackson's lawyer L. Londell McMillan announced that a private agreement had been reached with the private investment group, Fortress Investment, to save Jackson's ownership of the ranch.[13] Before the agreement, Jackson owed three months' arrears on the property.[13] McMillan did not reveal the details of the deal.

On May 12, 2008, a foreclosure auction for the ranch was canceled after an investment company, Colony Capital LLC, purchased the loan, which was in default.[14] In a press release, Jackson stated, "I am pleased with recent developments involving Neverland Ranch and I am in discussions with Colony and Tom Barrack with regard to the Ranch and other matters that would allow me to focus on the future."[15][16]

On November 10, 2008, Jackson transferred the title to Sycamore Valley Ranch Company, LLC, and neighbors reported immediate activity on the property, including the amusement rides being trucked along the highway.[1] Jackson still owned an unknown stake in the property, since Sycamore Valley Ranch was a joint venture between Jackson (represented by McMillan) and an affiliate of Colony Capital LLC (an investment company run by billionaire Tom Barrack).[17][18][19][20] The Santa Barbara County Assessor's Office stated Jackson sold an unknown proportion of his property rights for $35 million.[21][22]

Kyle Forsyth, Colony's project manager, describes the estate's Tudor-style buildings and savannah-like grasslands as "English country manor meets Kenya." Eventually, Colony hopes to sell the ranch, located in Santa Barbara County, in its entirety. Subdividing it, says Mr. Forsyth, "would destroy it."[23]

Since 2009, the Neverland Ranch rides Balloon Samba, Jeeps, Wave Swinger and Dinos have been featured attractions at the California State Fair.[24]

Death of Michael Jackson

Fans visiting the makeshift memorial set up outside the Neverland Ranch entrance shortly after Jackson's death.

Following Jackson's death, press reports during June 28–29, 2009 claimed that his family intended to bury him at the Neverland Ranch, eventually turning it into a place of pilgrimage for his fans, similar to how Graceland has become a destination for fans of Elvis Presley.[25][26] However, the singer's father Joseph Jackson later denied the reports.[27][28] Construction equipment and gardeners entered the grounds on July 1, prompting speculation that preparations were being made for something related to Jackson's death, but local officials stated that a burial there would be only allowed if the owners of the ranch would go through a permitting process with county and state government before establishing a cemetery at the site. Jackson's 2002 will gives his entire estate to a family trust.[29]

The ranch was the setting for two media appearances on July 2, 2009. Jermaine Jackson took The Today Show's Matt Lauer on a tour of the main house, and he was interviewed on the grounds of the house by Larry King for his show.

In July 2010, California Assemblyman Mike Davis floated the idea of California acquiring the property and running it as a state park. This idea has been introduced before, as such a park could attract thousands of Jackson fans from around the world, bringing in revenue for the state and local area. However, California Governor Arnold Schwarzenegger had called for the closure of many state parks due to lack of funding, and local residents oppose the idea because of the traffic congestion and other problems that a major tourist attraction would bring to this rural area.[citation needed]

In October 2010, reports came out that Michael Jackson's children intended to buy the property. [30]

In January 2013, singer Lady Gaga announced her willingness to help Jackson's children in keeping the ranch by investing in the property. [31]

References

  1. ^ a b c "Neverland Never More", by William Etling (author of Sideways in Neverland: Life in the Santa Ynez Valley), EdHat.com, 2009.
  2. ^ Toumi, Habib (January 23, 2006). "Jackson settles down to his new life in the Persian Gulf". Gulf News. http://archive.gulfnews.com/articles/06/01/23/10013403.html. Retrieved November 11, 2006.
  3. ^ "Dispute shuts down Jackson ranch". BBC News. 2006-03-10. http://news.bbc.co.uk/1/hi/entertainment/4792028.stm. Retrieved 2007-03-03.
  4. ^ Soriano, Cesar G (2003-11-24). "At Neverland, they believe". USA Today. http://www.usatoday.com/life/2003-11-23-neverland-believe_x.htm.
  5. ^ "Vegas Hosting Big Jackson Family Auction.". Associated Press. Fox News. 2007-05-29. http://www.foxnews.com/story/0,2933,276076,00.html?sPage=fnc/entertainment/jackson.
  6. ^ Clements, Jo (2009-01-05). "Michael Jackson silences rumours of money trouble by renting a $100,000 a month mansion". Daily Mail (London). http://www.dailymail.co.uk/tvshowbiz/article-1100646/Michael-Jackson-silences-rumours-money-trouble-renting-100-000-month-mansion.html.
  7. ^ Ryan, Joal (2006-03-17). "King of Pop Downsizes Kingdom". E! News. http://www.eonline.com/news/article/index.jsp?uuid=f5eecd55-59ad-4b7a-a7dd-f7213bafc174. Retrieved 2007-03-03.
  8. ^ "Neverland in Foreclosure?". TMZ.com. 2007-11-06. http://www.tmz.com/2007/11/06/neverland-in-foreclosure/. Retrieved 2007-11-07.
  9. ^ "Foreclosure Detail Report". http://ml-implode.com/info/jackson-NOD.pdf. Retrieved 2007-11-07.
  10. ^ "Jackson 'will not lose Neverland'". BBC News. 2007-11-10. http://news.bbc.co.uk/2/hi/entertainment/7088491.stm. Retrieved 2007-11-10.
  11. ^ Notice of Trustee's Sale, Santa Barbara County Recorder via Fox News Record no. 2008-0010131, February 25, 2008
  12. ^ "Neverland Ranch Set for Auction". Associated Press. Forbes. 2008-02-26. http://www.forbes.com/feeds/ap/2008/02/26/ap4700673.html.[dead link]
  13. ^ a b "Michael Jackson 'saves Neverland'". BBC News. 2008-03-13. http://news.bbc.co.uk/1/hi/entertainment/7295101.stm. Retrieved 2008-03-13.
  14. ^ "Foreclosure auction on Jackson's Neverland Ranch is canceled". Associated Press. CNN. 2008-05-13. Archived from the original on May 14, 2008. http://web.archive.org/web/20080514020618/http://www.cnn.com/2008/SHOWBIZ/Music/05/12/jackson.neverland.ap/index.html. Retrieved 2008-05-13.
  15. ^ "Neverland Ranch Note Sold to Colony Capital" (Press release). Business Wire. 2008-05-11. http://www.businesswire.com/news/home/20080511005036/en. Retrieved 2008-05-13.
  16. ^ "Neverland Ranch foreclosure auction canceled". Associated Press. Google News. 2008-05-12. http://ap.google.com/article/ALeqM5hZNgbrgnco68wdSY5q0bFdgp2MYgD90KF3F80. Retrieved 2008-05-13.[dead link]
  17. ^ Michael Jackson's Neverland Ranch Is Sold. TaleTela. Retrieved on 2011-05-18.
  18. ^ Neverland May Be Jacko's Ticket to Vegas. TMZ.com. Retrieved on 2011-05-18.
  19. ^ [1][dead link]
  20. ^ Adams, Susan (2009-04-14). "Ten Most Expensive Michael Jackson Collectibles". Forbes. http://www.forbes.com/2009/04/14/michael-jackson-auction-lifestyle-collecting-michael-jackson.html.
  21. ^ Michael Jackson Lets Neverland Fly Away. E! Online (2008-11-12). Retrieved on 2011-05-18.
  22. ^ People - Entertainment. smh.com.au (2008-11-13). Retrieved on 2011-05-18.
  23. ^ smith, Ethan. (2009-06-13) Economic Reality Prompts a Makeover at 'Neverland' - WSJ.com. Online.wsj.com. Retrieved on 2011-05-18.
  24. ^ [2][dead link]
  25. ^ Michael Jackson wanted to be buried at Neverland mansion The Daily Mirror June 28, 2008
  26. ^ Michael Jackson's funeral could be bigger than Elvis's and Princess Diana's, as up to a million mourners pour into LA The Daily Mail 28 June 2009
  27. ^ Michael Jackson will not be buried at Neverland Ranch New Musical Express 29 June 2009
  28. ^ Michael Jackson's Family Still Considering Funeral Plans MTV website June 29, 2009
  29. ^ [3][dead link]
  30. ^ "Michael Jackson's children 'want to buy back Neverland'". Daily Mail (London). 2010-10-17. http://www.dailymail.co.uk/tvshowbiz/article-1321257/Michael-Jacksons-children-want-buy-Neverland.html.
  31. ^ "Lady Gaga wants to restore Michael Jackson's Neverland ranch". NME (London). 2013-01-16. http://www.nme.com/news/lady-gaga/68199.

External links