• Businessman Offers $40M to Turn Neverland Ranch Into Sex Abuse Victims Treatment Center

    There are some interesting offers on the table for Michael Jackson's legendary Neverland Ranch. The property was seized in 2008 because of Jackson's mountainous debt, and it has just recently inched closer toward actually being sold. Of course, there are a few interested parties that would love to turn the property into a shrine to the singer. Interestingly enough, the Graceland-type idea does not seem to be sitting well Colony Capital, the hedge fund that seized control of the property. Instead, it seems more intrigued by the idea of a rehab for victims of sexual assault taking up residence. According to a report by Page Six, a local businessman offered "in the neighborhood of $40 million" for the use of the site as a treatment center for sexual abuse victims, said a source with direct knowledge of the sale process.
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