Neverland Ranch could become sexual-assault rehab

Michael Jackson’s infamous ranch is valued at approximately $75 million

TRD NEW YORK /
Feb.February 01, 2015 05:00 PM

Valued at approximately $75 million, Michael Jackson’s shuttered Neverland Ranch could become a therapy camp for molested children.

While two potential buyers hope to turn the 2,700-acre property into a “Graceland-like attraction,” another businessman’s has bid “in the neighborhood of $40 million” for use that wouldn’t exactly honor Jackson’s legacy, a source told the New York Post.

“His goal is for the place to be used to help children in a serene setting recover from the trauma of sex abuse,” the source said.

“The plan is to have children come there for treatment, and they will also hire trained therapists who would help the victims through the use of equine-assisted therapy, which works to improve the kids’ self-esteem, and it helps them to become more outgoing.”

Colony Capital, a hedge fund headed by real-estate investor Thomas Barrack, seized control of the ranch from the indebted singer in 2008 — just one year before his death. [NYP] Christopher Cameron


Related Articles

arrow_forward_ios
From left: Milos Raonic, Venus Williams, Serena Williams and Novak Djokovic (Credit: Getty Images)

Luxury real estate anyone? US Open stars and their palatial pads

Lena Dunham and 60 Broadway (Credit: Getty Images)

Lena Dunham’s “massive real estate mistake”

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

340 East 51st Street and from left: Ofer Yardeni, Alex Rodriguez and Adam Modlin (Credit: Getty Images, Google Maps)

Alex Rodriguez partnership buys first New York apartment building

Jeff Zucker and 32 East 64th Street, Apt 3W (Credit: Getty Images)

CNN chief lists Lenox Hill co-op for $17M

Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard 

CNN’s Don Lemon lists Harlem condo with fiancé broker Tim Malone

Andre Agassi and Franklin Academy at 5000 Southwest 207th Terrace (Credit: Getty Images)

Andre Agassi scores big with Miami charter school sale

Ahead of Super Bowl LIV, here’s where pro football stars call home in South Florida

Ahead of Super Bowl LIV, here’s where pro football stars call home in South Florida

arrow_forward_ios
Loading...