The 2,700 acre property in Santa Barbara, California, was bought by Jackson in 1988 at the height of his fame, a place where the pop legend was reputed to have found sanctuary and happiness away from the illness and controversy that plagued his adult life. [...]

In 2008, heavily in debt, Jackson was forced to hand over ownership rights to Tom Barrack's Colony Capital and since then, as well as paying off $23million of unpaid debt, the company has coughed up $5million per year just in upkeep — dazeddigital.com