Though Michael Jackson vowed to keep Neverland Ranch, he signed the property over to the Sycamore Valley Ranch Company earlier this week.
Jackson, now 50, has not lived in the Ranch since 2005, when he was acquitted of child molestation. The company refinanced the property for Jackson in 2006, a week before it was set to be auctioned-off. The sprawling zoo on Neverland Ranch was closed that year due to the artist's inability to maintain staff or insurance.
Sycamore Valley Ranch Company has not reported on its plans for Neverland Ranch, named after the island in Peter Pan.
© C Harris Lynn, 2008
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