Michael Jackson is going to sell his extravagant home, the Neverland Ranch. The mansion is set be sold at auction on March 19.

This came out after Michael Jackson could not pay more than $24 million, according to a court filing.

Jackson received word Monday from Financial Title Company, the trustee, that unless he pays off $24,25,906.61 by that date, a public auction will go forward in Santa Barbara, Calif., in front of the county courthouse.

The Neverland will include everything: all personal property inside, all fixtures and appliances, furniture, and "all merry go round type devices," any rides, games.

The onetime "King of Pop" has owned the 2,800-acre (1,133-ha) ranch in the rolling foothills above the California coast since 1988, naming it after the whimsical island where children never grow up in J.M. Barrie's Peter Pan stories.
Jackson, 49, famously outfitted the property with a private zoo and amusement park and festooned it with statues of Peter Pan characters.

But the reclusive, Grammy-winning singer has spent little time at Neverland since his June, 2005 acquittal on charges that he sexually molested a young boy there after plying him with alcohol.

In 2006 state authorities ordered the property shuttered and fined Jackson for failing to pay his employees or maintain proper insurance, and the zoo animals have since reportedly been removed.
 


Publication date: 27 February 2008   

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