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.
[Associated
Press]
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