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What Will Become Of Neverland Ranch?

Michael Jackson has finally given up his Neverland Ranch, sending Jay Leno's writers into a panic and leaving us to wonder what's next for the 2,500-acre property in Santa Barbara's wine country.

While Jackson will technically still own a share of the property, it's now controlled by Colony Capital, a real estate firm that owns the Las Vegas Hilton and is developing Meadowlands Xanadu in New Jersey. They'll need to put some work in on Neverland, where carnival-style rides, a Ferris wheel and even a roller coaster have fallen into disrepair.

But will the destination remain kid-friendly? Colony is staying mum on the future of the Los Olivos sanctuary, though we could see it turned into a winery or a destination spa or basically anything except a Michael Jackson museum.

Drop your ideas for the future of Neverland in the comments.

Related Stories:
· Michael Jackson Gives Neverland to Corporation [AP, via Google]
· Rumored Music Travel: Jackson 5 to Reunite [Jaunted]