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  • Re: My quick take on MJ
      • psychostats (Login psychostats)
      MikeBrownSucks.com Forum Moderator
      Posted Jul 11, 2009 2:51 PM

      There's of course a lot of buzz on the internet about the Neverland estate. A quick search brought up a recent article from People Magazine:

      Since Jackson's death, the holding company that bought the 2,500-acre estate last year out of foreclosure for $23.5 million hasn't officially announced what it's going to do with Neverland, save for watering the plants, repairing the buildings and keeping the gawkers at bay.

      "We are still doing renovations and rehabilitation to the property and I think it has a ways to go," says a source at the holding company, Colony Capital LLC. "As far as I know, absolutely no decisions have been made about the property and there is no urgency to make any decisions. Right now we are trying to return the place to its original luster."

      ...

      "Even when Michael was alive, the primary goal was to figure out a way in which the property's value could be maximized by building his legacy," says the source. "Whether that meant turning Neverland into a theme park, or a place to visit, I'm not really sure, but I do know they were trying to figure out how best to make this property into a money-making venture."

      http://www.people.com/people/package/article/0,,20287787_20290544,00.html

      The family and the holding company will likely cooperate, in the end, to turn the place into a cash cow.
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