Michael Jackson’s $75 million Neverland Ranch is up for sale and nothing will be the same once it’s bought by the highest bidder.
While one bidder wants to turn the ranch into a MJ shrine, something like Elvis’ Graceland, and another wants to transform it into a state park, one man wants it to become a rehabilitation center for sexually assaulted children.
“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,” a source told Page Six.
The local businessman, whose name has not been revealed, is offering around $40 million for Neverland, but Colony Capital, a hedge fund that controls the ranch, believes it can sell for $75 million.
The live-in amusement park was seized from Jackson back in 2008 by Colony Capital, a year before his death. Most of its features, including candy stores, a two-story arcade and a mini-zoo with elephants, llamas, orangutans and horses are mostly gone.
The idea of Neverland being a rehabilitation center is ironic because the late King of Pop faced many accusations of molesting children there after luring them there with his many amusements.