Jackson`s Neverland to be bought by fashion designer

London, July 11: The French fashion designer Christian Audigier is planning to buy pop icon Michael Jackson`s fantasy themed Neverland Ranch. The designer who has provided his expertise to brands like Lee, Von Dutch and Tommy Hilfiger says he plans to create a Jackson`s fantasy themed complex similar to Elvis Presley`s

Graceland and allow online tours, the Mirror online reported. Audigier who rented Jackson the Holmby Hills house in LA where the star died told French TV, "I have decided to buy that house." Colony Capital bought the California ranch in 2008 for 20 million pounds and is keen to sell. The ranch is said to be worth an estimated 60 million pounds, a news website reported. The sprawling 5800 acre property, which Jackson named after J M Barrie`s fictitious world of `Peter Pan`, is a symbol of Jackson`s success and excesses. The `King of Pop` bought the property in 1988 from developer William Bone, who built the house on the property, then called Sycamore Valley Ranch. The singer renamed the ranch as Neverland and turned it into a fairyland complete with trains and a zoo. Jackson could not enjoy staying in his fantasy themed abode after being accused of child molestation in 1993. The singer moved to Bahrain following his acquittal in 2005. Bureau Report