Jackson, who died in 2009, bought the estate in the late 80’s and turned it into a kid friendly amusement park, but ironically the Neverland ranch is also the alleged location where Jackson’s rumored molestation of children occurred.
A source told Page Six that a businessman is willing to buy the estate for $40 million, “The plan is to have children come there for treatment, and they will also hire trained therapists who would help the victims through the use of equine-assisted therapy, which works to improve the kids’ self-esteem, and it helps them to become more outgoing.” The source said.
Other offers on the table for the estate include two different bidders wanting the estate as an MJ shrine.
It’s incredibly hard to fathom that the estate executors will allow the property to become a sex abuse rehab.
Thomas Barrack, a real estate agent who has control of the property, believes that it could go for a full $75 million.
