Sobering news out of Santa Barbara:

[XemaSab]

Jackson gives up Neverland ranch

Pop star Michael Jackson has lost ownership of his Neverland ranch in California after transferring the deeds to a company he has a share in.

Earlier this week, Jackson, 50, filed legal papers making the Sycamore Valley Ranch Company the new owner.

The company is linked to investment firm Colony Capital, which bailed the singer out in March when he owed $24.5m (£16m) on the property.

When it bought the debt, Neverland was a week away from being auctioned off.

http://news.bbc.co.uk/2/hi/entertainment/7728871.stm

[tabatha]

1. More local

http://www.edhat.com/site/tidbit.cfm?id=2752

[misanthrope]

2. Oh no! What will he use to aid in sexual predation now?!**nm

**

[Hekate]

3. He had already moved out of our jurisdiction anyway--hopefully the land can be put to good use...

... some other way, although for that price I think they'll try to plant McMansions on it.

Hekate