MJ’s Neverland ranch could be turned into state park
July 15th, 2010 - 3:17 pm ICT by ANI
London, July 15 (ANI): The former home of Michael Jackson could be turned into California’s latest state park.
The idea has been pitched by assemblyman Mike Davis, who wants to convert Jackson’s 2,500-acre estate - which once housed amusement park rides and a zoo with tigers and snakes.
According to him, NAACP president Alice Huffman and others approached him with the idea.
Colony Capital LLC, a Santa Barbara-based private equity firm, co-owns the estate with the Jackson family, after he had nearly lost it to foreclosure.
“Given that we have an economic shortfall … I suspect it would be difficult for the State Parks Department to purchase the property alone,” The Telegraph quoted Davis as saying.
“I am committed to finding out all the details possible to make this a good proposal,” he added.
It’s not clear how the state would pay for even part of the ranch or ongoing costs to maintain and operate it, given recent budget cuts to the Department of Parks and Recreation. (ANI)
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Tags: acre estate, alice, amusement park, amusement park rides, assemblyman mike davis, budget cuts, capital llc, foreclosure, huffman, michael jackson, mj, naacp president, neverland ranch, parks and recreation, private equity firm, santa barbara, shortfall, snakes, state parks department, tigers
