LOS ANGELES - Abandoned by Michael Jackson after a humiliating child molestation trial in 2005, the late singer's Neverland Ranch could now become one of the biggest draws in the world as a memorial to the King of Pop.

But the rural playground inspired by Jackson's alter-ego, Peter Pan, would remain an attraction in a region already visited by tourists, and it could rival Elvis Presley's Graceland as a future venue for his millions of fans around the world.

Los Angeles-based private equity firm Colony Capital bought the ranch in 2008 in a joint venture with Jackson when he went US$24 million in arrears on his mortgage. Colony said "any discussion on the future of the property is premature."

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Photos:Reuters