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.
Entertainment
Neverland Ranch foreclosure auction canceled
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Concert to benefit Riley will feature 28 performers May 26
A group of Elkhart area performers will provide a variety of entertainment in a concert to benefit Riley Children’s Hospital, Indianapolis, at the Goshen Theater today.
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Goshen music venue offers an intimate experience
From the front row at the Ignition Garage you can reach out and touch your favorite musician on stage. From the back row, you’re still within eye-contact range.
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Choirs to perform Sunday at Goshen College
Two Goshen College Community School of the Arts (CSA) children’s choirs will perform as part of the Spring CSA Showcase Concert Sunday at 4 p.m. in Goshen College Music Center’s Sauder Concert Hall.
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'Beloved Dearly' to be performed at Bethany Christian Middle School
Bethany Christian Middle School students will perform Doug Cooney's "The Beloved Dearly" at 7 p.m. Friday and Saturday.
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GC graduate in concert Friday
Ruthmere’s Spring Culture Series performance Friday will feature a violin concert by Elspeth Stalter, a recent Goshen College graduate.
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Flying high in Shipshe
Look at what’s going up. Look at what’s coming down — and then, perhaps, eat it.
Those are two of many entertainment options available Saturday in Shipshewana. -
Website: Glen Campbell to perform during fair
The Rhinestone Cowboy may be riding into Goshen.
The website hotlist.com reports that Glen Campbell will perform during the Elkhart County 4-H Fair Wednesday, July 25, at 7 p.m. -
'Zoo Zoo' to be performed at Goshen College
Portland, Ore.-based Imago Theater will present “Zoo Zoo” as part of Goshen College’s 2011-12 Performing Arts Series season April 27 and 28 at 7:30 p.m. in the college’s Umble Center.
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Goshen College concerts announced
Emmylou Harris, the Del McCoury Band and Lea Salonga are among the highlights of the 2012-13 season of the Goshen College Performing Arts Series.
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GC Symphony Orchestra to perform Friday
The Goshen College Symphony Orchestra, conducted by Assistant Professor of Music Christopher Fashun, will present its spring concert in Goshen College Music Center’s Sauder Concert Hall Friday at 7:30 p.m.
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Concert to benefit Riley will feature 28 performers May 26
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