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Thread: Inside Neverland 2017 - New Video

   
  1. #16
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    Default Re: Inside Neverland 2017 - New Video

    If I had that kind of money you better believe I would buy it!
    **He lives forever within us**

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    Default Re: Inside Neverland 2017 - New Video

    Colony needs to make that train station a selling point. They have the money to buy a little steam engine. The station and tracks are there.
    I'd love that for my kids.

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    Default Re: Inside Neverland 2017 - New Video

    The Williamson Act is probably a real selling point, as in tax breaks.

    Officials to Revisit Tax Break for Jackson's Neverland as Cattle Ranch
    March 21, 2003


    SANTA BARBARA — County officials plan to inspect Michael Jackson's Neverland ranch to see if the 3,000-acre spread qualifies for a tax break as a cattle ranch.

    The inspection, expected sometime in the next two weeks, will determine if Jackson's Santa Ynez Valley ranch is violating the state's Williamson Act, which provides tax breaks for large agricultural tracts but limits development on such properties to two acres.

    Estimating that Jackson must have six acres or more of his estate devoted to 13 amusement park rides, barns and a private steam train line, the county's Planning and Development Department alerted county agriculture officials to the potential conflict.

    County Agricultural Commissioner Bill Gillette requested a full report from the planning department to the county's Agricultural Preserve Advisory Committee by May 2. Larry Appel, a county planning official, said he plans to make a low-profile visit with no media coverage sometime before then.

    Planning officials this week noted that Jackson legitimately leases most of Neverland to a cattle ranching operation, and has routinely complied with permit procedures for his various amusement rides and other facilities over the years.

    But they said that they may have missed something, and that some adjustments may be required for Jackson to retain the Williamson Act tax benefits.

    The Santa Barbara County assessor's office puts the 2002-03 assessed value of the Neverland Ranch at $12,292,618. Jackson's property taxes this year are estimated at about $13,000. If the property were not eligible for the tax break, the value would increase by about $6 million.

    Officials said Jackson representatives have expressed interest in working out the problem, possibly by a lot line adjustment that would allocate more room for amusement park rides. But that might not solve the Williamson Act problems, they said.

    Kathleen Weinheimer, an attorney representing Jackson, did not return calls for comment.

    Jackson recently lost a breach of contract lawsuit to producer Marcel Avram. A Santa Maria jury earlier this month ordered him to pay $5.3 million to Avram for failing to perform two Y2K concerts planned for New Year's Eve in 1999.

    http://articles.latimes.com/2003/mar...l/me-jackson21

    I wonder about the cattle ranching operation, if they will continue leasing the land's, once the property is sold.


    Michael is really great! He has no snobbery to him, he's just a good kid. Michael is a gentle spirit and he takes over our kids. He loves kid's, we watch a lot of cartoons together. - Linda McCartney being interviewed by Oprah Winfrey https://www.youtube.com/watch?v=JhZPy0ZeuvI

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    Default Re: Inside Neverland 2017 - New Video

    It looks like whoever buys the property would have to provide their own train, as there isn't one. Also, there are "two water reservoirs that can hold approximately 4 million gallons.

    The property’s eventual buyer would pay hundreds of thousands of dollars in property taxes each year—more than $325,000 as of April 2016."

    That seems awfully high, considering the taxes were $13,000 in 2003. 50 acres of vineyards could be planted on the property. Plus more homes, if the new owner chooses. It is now move in ready!





    Michael is really great! He has no snobbery to him, he's just a good kid. Michael is a gentle spirit and he takes over our kids. He loves kid's, we watch a lot of cartoons together. - Linda McCartney being interviewed by Oprah Winfrey https://www.youtube.com/watch?v=JhZPy0ZeuvI

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    Default Re: Inside Neverland 2017 - New Video

    Quote Originally Posted by AliCat View Post
    It looks like whoever buys the property would have to provide their own train, as there isn't one. Also, there are "two water reservoirs that can hold approximately 4 million gallons.

    The property’s eventual buyer would pay hundreds of thousands of dollars in property taxes each year—more than $325,000 as of April 2016."

    That seems awfully high, considering the taxes were $13,000 in 2003. 50 acres of vineyards could be planted on the property. Plus more homes, if the new owner chooses. It is now move in ready!







    These pictures are just breath taking. I just wish that one day the fans can see Neverland.


    Another Part Of Me Michael You Will Always Be In My Heart.

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    Default Re: Inside Neverland 2017 - New Video

    Jackson first saw the 2,700-acre property off Figueroa Mountain Road when he visited Paul McCartney, who was staying there during the filming of the “Say Say Say” video.

    Jackson subsequently found himself in default on the loan and sold the ranch for $22.5 million to Colony Capital, which is headed by Thomas Barrack Jr., a confidant and fundraiser for President Donald Trump.

    The company reportedly spent $50 million on repairing the facilities.

    At one point, Assemblyman Mike Davis proposed having the state buy the ranch and turn it into a state park, but California was shutting down state parks at the time and the idea fell by the wayside.

    http://syvnews.com/news/local/neverl...d0b556db2.html
    Michael is really great! He has no snobbery to him, he's just a good kid. Michael is a gentle spirit and he takes over our kids. He loves kid's, we watch a lot of cartoons together. - Linda McCartney being interviewed by Oprah Winfrey https://www.youtube.com/watch?v=JhZPy0ZeuvI

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    Default Re: Inside Neverland 2017 - New Video

    I found this video last week and I am thankful to the person who posted this.
    It is sad to see it so empty and abandoned, especially when it is still so beautiful. I'm torn about NL. I know Michael said he didn't want to go back, but as a fan who wants to hang onto every bit of MJ that we have left, I wish it could be restored to MJ's vision and preserved.

    I imagine the property will take a while to sell.

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    Default Re: Inside Neverland 2017 - New Video

    I'm with you on being torn. I find it hard to look at the ranch now since it's been up for sale. I wish there would have been some way for his kids to keep it. I know Paris has been there a few times fairly recently.

    No matter who does buy it, it is always going to be attached to Michael and fans will always show up there.
    [SIGPIC][/SIGPIC]
    "Culture changes, fashion change, customs change, great music is immortal." - MJ

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    Default Re: Inside Neverland 2017 - New Video

    Why fabled Neverland Ranch still hasn’t sold

    Almost a year ago, in May 2015, Michael Jackson’s former Neverland Ranch hit the market. The 12,598-square-foot French Normandy-style home sits on 2,698 acres in the Santa Ynez Valley, northeast of Los Angeles. It has six-bedrooms, a four-acre lake with waterfall, an outdoor barbecue, a pool house, three guest houses, a tennis court, and a 5,500-square-foot movie theater and stage. Asking price back then? $100 million.
    Asking price 10 months later? $100 million.
    The reason for the lack of movement on the price tag isn’t a stubborn seller or the lack of draw. (It really has a fairytale feel.) Homes in the highest echelon of the real estate market — everywhere — simply aren’t selling fast. The key to unloading a $100 million dollar property these days? Patience.

    “The uber-luxury high-end market is not anywhere near where it was three, four, five years ago,” said Brendon DeSimone, real estate expert with listings site Zillow.com. “That market has just really slowed down, and there are only so many billionaires who can afford to buy these homes.” (Bloomberg, by the way, counts at least 200 global billionaires, but not all of them are looking for a far-flung ranch.)
    Dropping oil prices, fluctuating stock markets, and weak currencies have led to slowdowns in the world’s priciest markets. International buyers are still a force in the American real estate market, in part because high-net-worth individuals are looking for safer places than the stock market to park their cash. But it’s a little riskier to invest in a property that’s off the beaten luxury path, no matter how storied its pedigree. Sycamore Valley Ranch, as Neverland is now called, has three major hurdles to overcome: location, location, location.

    The property — purchased from a financially ailing Jackson in 2008 with a $23.5 million note from Thomas Barrack Jr.’s Colony Capital LLC — is in Los Olivos, a town of around 1,100 residents about 130 miles northeast of Los Angeles. That’s pretty far from the proliferation of the highest-end homes. “Most of the homes in these price ranges are waterfront, or with ocean views, or they’re in the cities,” said DeSimone. “They’re concentrated in L.A., New York, San Francisco, and Miami.”Take this $125 million, 12-bed, 13-bath home located an hour from Neverland, right in Montecito, with those ocean views and almost 30,000 square feet. It has been on the market since 2014, repped by the same folks who took on Neverland. There hasn’t been a price cut.
    On Zillow, only four other properties were asking $100 million or more this year. One is the Playboy Mansion, which listed earlier this year for cool $200 million. (Bunny lovers even get Hugh Hefner as a roommate.)
    The others include a $135 million, 8,000-square-foot Beverly Hills estate (yes, in the 90210 zip code) with seven beds and 10 baths; it has been on Zillow for about 150 days. On the East Coast (there’s no public listing between the coasts in this price range), a 13-bed, 35-bath (!) home on Long Island Sound in Great Neck, N.Y., is asking the same price as Neverland; it has been on Zillow for almost 200 days.
    Some sellers do consider price chops. Take Elk Mountain Lodge in Aspen, Colo. Owned by Bill Koch, the 27-bed, 32-bath mansion hit the market last year for $100 million. It was delisted and then came back a couple of weeks ago, asking $80 million.
    According to Zillow, Neverland is asking nearly 200 times the median home value of $548,500 in Santa Barbara County. Wayne S. Natale, real estate broker for nearby Village Properties and a 30-year veteran of real estate in the Santa Ynez Valley, said there are few truly high-end properties in his domain. (He doesn’t represent Neverland but has toured the property many times.) Only a couple of homes above $4 million sell each year. There’s almost nothing to compare Neverland to — no comps to settle the stomachs of nervous buyers. Just as the singer was inimitable, so is his property.

    “There’s never been a $100 million sale in the Santa Ynez Valley,” Natale said. “If it was in Aspen, it would be a $100 million property, or maybe if it was in upstate New York or the Hamptons. But here, that asking price has a lot of blue sky in it.”
    To be clear, he’s not saying the property won’t fetch that price, just that it might take a long time. While for-sale homes in Santa Barbara County stayed on the market for an average of just 75 days in 2015, according to Zillow, it’s perfectly normal for unique, high-end homes to stay on the market for much longer. (Despite rumors last year that China’s version of EBay unsuccessfully tried to auction Neverland off, its sellers aren’t resorting to wild techniques; a source close to the property called that report a hoax.)
    “Any property in the valley that’s even $3 million and up, it’s typically on the market for two to three years,” said Natale.

    In truth, not much is selling for those prices, anywhere — at least not publicly. The most expensive home sold on Zillow in 2015 went for $46.3 million. That was Kenny Rogers’s old place, with 23,988 square feet in Bel Air. The most recent property on Zillow’s list of the 10 most expensive homes sold last year is in Great Neck, N.Y. It went for a wee $19.9 million.
    That doesn’t mean that supply is truly limited. Many high-end properties aren’t listed publicly.
    “When you start getting north of $10 million, it’s a lot of that stuff never goes to market — a lot of pocket listings or quiet listings,” said DeSimone. “They’re only sold through brokers you know.”

    While many of the country’s most expensive homes are in high-end hot spots, Los Olivos is not an obvious place to invest in luxury real estate. It’s not just that the town is sleepy—it’s totally zonked. In a good way. For those who like that sort of thing.
    “People who come here are looking for a place in a rural community where they can have peace and quiet and relax,” said Natale. “They’re not into the cocktail parties every Friday night.” He calls it a Levis and t-shirts kind of place, for people who love horses or vineyards, but not the limelight.
    “When Michael Jackson was up here, he didn’t go around the community much,” said Natale. “He had his own environment, his own kingdom out there.”

    Even if Jackson wasn’t a presence in the town, MJ’s legacy could still help the property fetch a premium price. “If somebody wants to buy it and thinks that because Michael Jackson owned it, that has monetary value, it’ll sell for $50 million or above,” says Natale. “It’s going to take somebody that falls in love with it, and then the $100 million doesn’t make any difference to them.”

    http://finance-commerce.com/2016/03/...ll-hasnt-sold/
    Michael is really great! He has no snobbery to him, he's just a good kid. Michael is a gentle spirit and he takes over our kids. He loves kid's, we watch a lot of cartoons together. - Linda McCartney being interviewed by Oprah Winfrey https://www.youtube.com/watch?v=JhZPy0ZeuvI

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    Default Re: Inside Neverland 2017 - New Video

    I'm new to the forum, hello everyone.

    One way around the tourist aspect of it, if NL ever became a museum/exhibit, would be to allow advance bookings only - people cannot turn up on the day.
    Those who have tickets for entry, would have to go to a designated meeting point, park their cars, and entry/exit to NL would be by bus only.
    This would reduce the excess traffic in the Los Olivos area. I mentioned this idea to Navi whilst on holiday with him last year, and this idea had already been pitched to the Jackson family.

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    Default Re: Inside Neverland 2017 - New Video

    I always thought they should do this. Or why not make it a high end place. Make people pay $500-$1000 to visit in small bunches. Advanced bookings. No crowds. Man I would pay for $1000 to visit any time.

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    Default Re: Inside Neverland 2017 - New Video

    Absolutely, I would pay 500 to 1000 pp to enjoy a day there. I need to find a way of speaking with Thomas Barrack.

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