Colony Capital’s Tom Barrack talked to Bloomberg Television about the progress of one of his investments: Michael’s former Neverland Ranch home.
“Our plans have been to work to restore it to its original greatness. The place is amazing. It has not only the beautiful spirit and softness of Michael, but a legacy of a thousand years of Indian culture that had transacted upon it. We have just been restoring it, renovating it. We have not really wanted to do anything commercial with it. The estate of Michael Jackson, they have done a great job in managing the estate. We are kind of waiting for them to decide what really they would like to do with us and with it. We are just being good stewards of a very special place.”
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