Micheal Jackson's Neverland No More? Jackson's Neverland To Be Auctioned Unless $25M Debt Is Paid

Michael Jackson owes nearly $25 million for the sprawling California property called Neverland (named after an island in the story Peter Pan), which he bought in 1987 intending to create a fantasy-land for children. This $25 million is said to be more than three months' arrears on the property. If unpaid Neverland will be auctioned off on March 19 Santa Barbara official told the BBC.

What is Neverland you say? Well it's on 2,800 acre (1,100 hectare) property north-west of Santa Barbara that includes a zoo and fairground.


The erstwhile King of Pop has been living mainly in Las Vegas since returning to the United States a little more than a year ago following extended stays in Bahrain and Europe. He hasn't lived at Neverland, which he bought in 1988 for $17 million, since 2003, when police first raided his home while building a child molestation case against him. Jackson was acquitted of all charges in 2005 and immediately left the country according to an E!online article.

Per court documents obtained by Fox News, the auction would really bleed the property dry. It would include not just the grounds and buildings on the property, but all of the furnishings, appliances and various child-friendly accoutrements Jackson has added over the years, including "all merry-go-round type devices."

The list is mighty thorough:

• "Generators, engines, boilers, incinerators, building materials, appliances and goods of every nature whatsoever…including…those for the purposes of supplying or distributing heat, cooling, electricity, gas, water, air and light…
• "plumbing, bathtubs, water heaters, water closets, sinks, ranges, stoves, microwave ovens, refrigerators, dishwashers, disposals and any other kitchen equipment…
• "all trees, shrubs and plants, sculptures, statuary and other outdoor artistic creations and displays…
• "all railroad equipment, trains, locomotives, rail cars and other rolling stock…
• "all Ferris wheels, carousels, merry-go-round type devices, indoor and outdoor gymnasium and athletic equipment…"

(image from BBC News UK)