Neverland Ranch could become sexual-assault rehab

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

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
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”
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
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
The Goodtime Hotel with Pharrell Williams and (from top) David Grutman, Michael D. Fascitelli and Eric Birnbaum (Getty, Alice Gao)
Pharrell’s Goodtime Hotel opens in Miami Beach
Pharrell’s Goodtime Hotel opens in Miami Beach
Rob Gronkowski and 35 Hudson Yards (Getty, SOM)
Rob Gronkowski buys Hudson Yards home for $7M
Rob Gronkowski buys Hudson Yards home for $7M
Adam Neumann and the “Guitar House” in in Corte Madera (Getty, Realtor)
Adam Neumann gets $22M for California estate
Adam Neumann gets $22M for California estate
Larry Ellison and 12525 Seminole Beach Road (Getty, Elliman, iStock)
Billionaire Larry Ellison plans to knock down $80M mansion
Billionaire Larry Ellison plans to knock down $80M mansion
Ai Weiwei with 708 New Forge Hallow (Getty, Compass)
Ai Weiwei–designed home sells for $5M
Ai Weiwei–designed home sells for $5M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...