Yes I am referring to "the" Neverland ranch owned by Micheal Jackson. According to the Associated Press Jackson owes 24.5 million on the property and have fallen into default, even facing foreclosure before being bailed out by Colony Capital. Jackson has been struggling to keep the ranch going since 2003.
Just a little history about the ranch, it was originally called Sycamore Valley Ranch from the beginning but Jackson changed the name to "Neverland" and of course the kids loved it.
Neverland was also the center of the molestation case that Micheal Jackson battled through a few years ago, I'm quite sure everyone knows the story no need to remind you!
Oh well goodbye to Neverland, maybe it's a good thing?
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