Due to the fallout behind the Leaving Neverland documentary, it's now been reported that the estate's value has fallen so low that it's more likely to be demolished before anyone was to purchase it.
After details of Michael Jackson's alleged sexual abuse against children were revealed in the documentary, the 2,700-acre property in California had it's price slashed from $100 million in 2015 to $31 million as of this week, yet it's been noted that there's still not any prospective buyers.
Both of Jackson's accusers, Wade Robson and James Safechuck, claim that they were abused inside the ranch when they were children, which has led property experts to believe that the tainted estate will have to be torn down and rebuilt from scratch.
"I suspect most of it will be demolished as I doubt many developers would want to maintain Michael Jackson's legacy after these shocking allegations," said Ruban Selvanayagam, co-founder of housebuyers Property Solvers. “Perhaps someone may think that Neverland could be rebranded somehow, but this would be doomed to failure in my view.”
Jackson originally bought the property back in 1988, yet for decades it's become a symbol of Jackson's tainted legacy involving the alleged abuse.
Source: mirror.co.uk
