Neverland Ranch foreclosure auction canceled

May 13, 2008

Anonymous The Goshen News Tue May 13, 2008, 07:35 AM EDT

LOS ANGELES (AP) — A foreclosure auction scheduled this week for Michael Jackson’s Neverland Ranch was canceled after an investment company bought the loan.

Colony Capital LLC spokeswoman Caroline Luz said the loan purchase was recently made by Colony and the auction slated for Wednesday was off, the Los Angeles Times reported Monday.

In a statement released Sunday by a Jackson spokesman who identified himself as B. Michael, the singer said he was “pleased with recent developments involving Neverland Ranch ... that would allow me to focus on the future.”

Jackson had gone into default on the $24.5 million he owes on the 2,500-acre spread in Santa Barbara County. He has struggled to pay his debts in recent years after his financial empire crumbled following his arrest in 2003 on child molestation charges. A jury later acquitted him and he hasn’t lived at Neverland for the past two years.

Jackson’s attorney, L. Londell McMillan, declined to comment to The Associated Press on Sunday. A call by the AP to Colony Capital was referred to a public relations firm.

Jackson bought the property in 1988 and turned it into a miniature amusement park with rides, including a merry-go-round, Ferris wheel and roller coaster, and a zoo.

Text Only

Entertainment

Toledo Symphony, Goshen College choirs in concert Feb. 19
The Toledo Symphony Orchestra and Goshen College choirs will come together under the direction of Grammy award-winning conductor and Goshen College alumnus Vance George for a Feb. 19 show.

February 9, 2012 1 Photo
'Seussical' debuts Friday
Joel Lininger is a 15-year-old boy. He’s also been Tom Sawyer and the King of Hearts. Currently, he’s The Cat in the Hat.

February 9, 2012 1 Photo
Museum programs to focus on barns
Two events focusing on historic barns are planned at the Midwest Museum of American Art, 429 S. Main St., Elkhart:

February 8, 2012 1 Photo
Band's upcoming concert will help keep Goshen festival free
Consider Gina Leichty part of the Lotus fan base.
“I have had the good fortune to see them in a number of ways,” she said. “I saw them when they first started in Newcomer (Center) at Goshen College many, many years ago, and then I’ve seen them perform in front of 20,000 people. ... They’re kind of like the Umphrey’s McGee of Goshen — the small band that is now like very famous.”

February 5, 2012 1 Photo
Lotus returning to its roots for theater benefit
So, what are your influences?
That question is straight out of Music Journalism 101. It’s the obvious question, relevant but perhaps too-familiar to the musicians tasked with answering it. In the case of Lotus, the answer is straightforward: music.

February 5, 2012 1 Photo
Comedian Daniel Tosh coming to the Morris April 18
Will South Bend get a Web redemption?

February 2, 2012 1 Photo
First Fridays to feature films, 'Mardi Gras'
Movies and events for teens are among the activities on tap for First Fridays this week in downtown Goshen.

February 2, 2012 1 Photo
Caught in the One Act
Goshen College’s 2012 Winter One Acts will feature a playful opera and a modern drama — each about the misconceptions of identity — directed by two December 2011 graduates.

February 2, 2012 1 Photo
‘Laugh Out Local’ festival planned at Bristol Opera House
Elkhart Civic Theatre personnel announce “Laugh Out Local,” a mini-film festival via the Chicago Film Festival, at the Bristol Opera House Saturday.

January 26, 2012 1 Photo
Suzy Bogguss concert Feb. 2 in Goshen
Suzy Bogguss grew up in a household where everybody listened to music. The Bogguss family was not uniform in its musical tastes.

January 26, 2012 1 Photo
More Entertainment Headlines

The Goshen Housing Authority has a $571,050 shortfall. Should the Goshen City Council use money from its $4.7-million “rainy day” fund to pay the debt and maintain the current level of service provided by the voucher program?

Entertainment

Search Results

Neverland Ranch foreclosure auction canceled

The Goshen Housing Authority has a $571,050 shortfall. Should the Goshen City Council use money from its $4.7-million “rainy day” fund to pay the debt and maintain the current level of service provided by the voucher program?

Site Map