The commentators keep harping on how the investment company bought Neverland from Michael Jackson for half of what he paid for it and that they'll be lucky to recover THAT when they try and sell it. All that keeps going through my head is, "Why would you try and sell it for the real estate (land) value when the true value is in making it another Graceland?"
Surely the new owners have thougth of this.
When Elvis died, he left a relatively small estate behind. Among other things, Priscilla Presley opened Graceland for tours and in short order, that estate became worth a great deal more. People are stil touring Graceland decades after Elvis' death and it's still a moneymaker. Given the massive TV coverage of MJ's death, I think tours of Neverland would make a TON of money. For decades. If they could throw in a few bits of MJ items, that would be all the better.
As for his family, he didn't auction off all those things (gloves, costumes, etc.) recently as he had planned. If they have any sense, they'll open a Michael Jackson Museum and get some cash to pay off his debts and support those kids. Sad to say, but between constantly being sued and being a spendaholic, he's worth more dead than alive. Now money will come in at a faster rate than it goes out.

When Elvis died, he left a relatively small estate behind. Among other things, Priscilla Presley opened Graceland for tours and in short order, that estate became worth a great deal more. People are stil touring Graceland decades after Elvis' death and it's still a moneymaker. Given the massive TV coverage of MJ's death, I think tours of Neverland would make a TON of money. For decades. If they could throw in a few bits of MJ items, that would be all the better.
As for his family, he didn't auction off all those things (gloves, costumes, etc.) recently as he had planned. If they have any sense, they'll open a Michael Jackson Museum and get some cash to pay off his debts and support those kids. Sad to say, but between constantly being sued and being a spendaholic, he's worth more dead than alive. Now money will come in at a faster rate than it goes out.