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Started By
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Some guy bought Neverland Ranch for $22 mil.
Posted on 12/24/20 at 9:21 am
Posted on 12/24/20 at 9:21 am
It was previously on the market asking $100 mil.
quote:LINK
Michael Jackson’s onetime Neverland ranch has sold for $22 million to billionaire Ron Burkle, a onetime associate of the late pop star and co-founder of the investment firm Yucaipa Companies, according to public records and three people familiar with the deal.
The property, located about 40 miles from Santa Barbara, had been on and off the market for years, first listing for $100 million in 2015 and undergoing several price cuts. It was listed for $31 million last year, The Wall Street Journal reported.
Mr. Jackson’s estate co-owned the ranch with a fund managed by Colony Capital, a real-estate investment trust. Amid financial struggles, Mr. Jackson had defaulted on a loan backed by the ranch and Colony bought the note in 2008, putting the property’s title into a joint venture it formed with the pop star. Mr. Jackson originally paid about $19.5 million for the ranch in 1987.
5
Posted on 12/24/20 at 9:21 am to blueboy
Who would want that pedo rape den
Posted on 12/24/20 at 9:22 am to blueboy
Isn’t that vineyard country? I remember hearing about interest in the land for that reason.
Posted on 12/24/20 at 9:26 am to blueboy
He could restore it to its prior “condition” and make millions turning it into a Graceland type attraction.
Put up a sign:
The New Neverland Ranch
“We promise your kids won’t leave butt hurt this time”
Put up a sign:
The New Neverland Ranch
“We promise your kids won’t leave butt hurt this time”
Posted on 12/24/20 at 9:30 am to blueboy
nb4: what time is bedtime at Neverland Ranch? When the big hand touches the little hand
Posted on 12/24/20 at 9:31 am to CatfishJohn
quote:Whatever the interest, the buyer paid just slightly more than Jackson paid for it in 1987, so this is a huge win.
Isn’t that vineyard country? I remember hearing about interest in the land for that reason.
And yeah, I too would knock down the pedo castle and build something else if it were me.
Posted on 12/24/20 at 9:34 am to blueboy
Yes. Please tear down this abomination. Sick of this place popping up in the news every so many years.
Posted on 12/24/20 at 9:36 am to CatfishJohn
quote:
Isn’t that vineyard country?
It's prime Central Coast wine country.
Posted on 12/24/20 at 9:36 am to blueboy
quote:
The Los Olivos property spans about 2,700 acres and includes about 22 structures, including a 12,000-square-foot Normandy-style mansion. There are also several guesthouses, a swimming pool with a cabana, a basketball court, a tennis court and a 50-seat movie theater, The Wall Street Journal reported when the property came on the market.
2,700 acres? Damn
Posted on 12/24/20 at 9:39 am to Otto Scorzany
quote:Pave it and open up either another Amazon Distribution Center or another WalMart Superstore.
Yes. Please tear down this abomination. Sick of this place popping up in the news every so many years.
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