Lady Gaga Wants To Restore Michael Jackson's Neverland Ranch
Posted by Joseph Lee on 01.16.2013
She would spend a lot of money on it...
The Sun reports that Lady Gaga wants to spend her money to restore Michael Jackson's Neverland ranch.
In the past Gaga has purchased other bits of celebrity memorabilia like Judy Garland's Wizard of Oz ruby slippers, a frock worn by Dapnhe Guinness and 55 of Jackson's personal items that she bought in an auction.
A source said: "Lady Gaga is obsessed with Michael. She's become good friends with his sister Latoya and would love more than anything else to restore Neverland to its original state. His kids are all desperate to hold on to their childhood home so they can decide what they want to do with it properly when they've grown up. Gaga would love to help with the financial costs by buying a share."
She was set to play for Jackson in London before he died in 2009.
Just after his death, she told David Letterman: "There was some talk about the openers doing duets with Michael on stage. But Michael's death was devastating for me regardless of whether I was supposed to go on tour with him."
The estate is on 3,000 acres of land in California. Jackson bought it in 1988 and has his own rail track, petting zoo and fairground. After he had financial problems in 2008, the investment group Sycamore Valley Ranch Company bought his $23 million mortgage.
Even though they have a large stake in the company, Michael's children (Prince Michael, Paris and Blanket) along with their mother Katherine also own a share. Money from Gaga could help them through their teenage years until their trust funds kick in and they can buy it back.