After falling into disrepair, Neverland Ranch is rehabilitated by a billionaire friend of Michael Jackson's. But are there bigger plans in store for the 2,700-acre Los Olivos property?
, Fred Meyer and Smitty’s, and later selling them to Kroger and other large chains. Yucaipa currently owns and operates the private membership club Soho House, which has grown to 28 locations worldwide and went public in July 2021.Burkle, 69, is known to pick up former estates of the rich and famous — oftentimes at a discount — to restore and sometimes flip. In June 2018, he purchased the Toluca Lake estate of Bob and Dolores Hope for $15 million.
The train station at Neverland Ranch in Los Olivos, Calif., Wednesday, July 1, 2009, as preparations are made for a possible memorial service for the late pop star Michael Jackson at his former residence as seen in a aerial view.A month later, he listed the Frank Lloyd Wright-designed Ennis House in Los Angeles’ Los Feliz neighborhood for sale for $23 million.
There are also several Disneyland-esque touches on the property, including gardens patterned after the entrance to the Magic Kingdom as well as a train station, a barn, a firehouse and a carousel.In Jackson’s 1980s and 1990s heyday, the ranch was a hive of activity. The superstar’s playground featured a rotating cast of A-list celebrity guests, Bubbles the chimp, as well as civilian children there to meet and spend time with Jackson himself.
Michael Jackson's cherished chimp Bubbles used to live full-time at Neverland Ranch. The property, neglected and in disrepair for a decade and a half, is currently undergoing a renovation.
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