Talk of Neverland Ranch becoming a Graceland-like Mecca for Michael Jackson’s fans began swirling shortly after the King of Pop’s death. But will it actually happen?

The ranch, located in Los Olivos, is currently being renovated by Colony Capital’s CEO, billionare Thomas Barrack Jr., who saved Jackson from foreclosure on the ranch last year after the singer defaulted on a $24.5 million mortgage.

It is not clear how Jackson, had he lived, would have played a part in resurrecting the ranch, but now that he is deceased, questions linger as to what will become of Neverland.

A spokesman for Colony Capital told the Journal that it was premature to talk about the ranch’s future or the prospect of burying Jackson at the ranch. Jackson’s father, Joe, denied media reports that his son will be buried at the ranch.

On June 30, Barrack addressed these rumors in a letter to the Santa Barbara County community, which reads, in part:

“We must be prepared for the fact that visitors and fans will come, with or without permission or an invitation … We must also prepare to accommodate Michael’s family’s wishes as they contemplate the location of his final resting place and their own return to the tranquil grounds of the Michael Jackson family compound.

“As Michael’s final arrangements are planned, his family wishes should be welcomed by this county with open arms … The consideration of the future of the Neverland property will be addressed in due time through normal process and with appropriate deliberation.”

The letter goes on to say, “This is our chance to teach the world what ‘Mi casa es su casa’ really means.”

Barrack Jr. had reportedly purchased Neverland as part of a bigger plan to rehabilitate Jackson’s career, which would have increased the market value of the ranch.

The spokesman said Colony Capital is rehabilitating buildings and grounds, “including landscaping, clean up and painting,” but he said he could not comment on what will become of the ranch in the wake of Jackson’s death.

On June 29, Santa Barbara County Supervisor Doreen Farr held a press conference in Solvang to talk about how the county would respond to a scenario where the ranch played host to the Jackson’s memorial service.

She told reporters that the county has not been approached by Jackson’s family with any request to bury the late singer at Neverland Ranch.

The Santa Barbara Sheriff’s Department said they were gearing up for joint operational planning with state and local public safety agencies in the event that a public or private memorial service is held at Neverland; however, the Associated Press reported July 1 that a source close to the family said there would be no such memorial at the ranch.

Farr fielded questions about talks of a Graceland-like museum for Jackson devotees.

“That’s a whole different project,” Farr said. “That would have to go through a thorough vetting by the community for a very long period of time. So whatever issues the community had, they would certainly come forward. And I would certainly think they’d have a lot.”

Farr, a former planning commissioner, said turning the property, which is under a Williamson Act contract — offering landowners an incentive not to develop their property by keeping it in farming or ranching, in exchange for a lower property tax rate — into a Graceland-type facility would require approval of the county Board of Supervisors, but not before it fell under scrutiny from public review and the Planning Commission.

“It would start with an application to the county with whatever the idea is,” Farr said. “There are a lot of physical changes on the property now. There’s a house, a guest house and a lot of structural development that is already on the ranch. So they would have to do a baseline study of what is there now and what the application asked for. And it would be a very rigorous process.”

According to zoning guidelines, “the proposed use of a property must be compatible with and subordinate to the rural and scenic character of the area.”

Most Los Olivos residents who spoke with the Journal said a tourist attraction on the scale of a Graceland would not blend with their town.

“I certainly wouldn’t want to see anything that would impact the traffic situation and get more people here than we already have with the wine tasting,” resident Bob Korte said. “Things are pretty crowded in this town as it is already. I think it would be terrible.

“And I don’t understand all the fuss over him, but I guess there some fanatical fans.”

“From a fan’s standpoint, I understand the desire for it,” Los Olivos resident Janelle Johnston said. “But it would cause a huge influx of people in the area that could really cause problems for our small community in the long run.”

Not everyone agreed. “I don’t see anything wrong with it,” said Julie Kennedy, who also lives in the small town. “We have a lot of people coming into town for the wine. I’m not crazy about the idea, but people have been curious about that place for awhile.”

One outsider, Keith Sandford from Reno, Nev., said the locals were missing the big picture. “Business owners and county officials should contact Jackson’s family,” he said. “Colony Capital is, among other things, big in the casino industry and they will turn to recoup their investment. The property is not going to go back to rural, open space.

“I know people want it to stay rural. If you don’t like Michael Jackson, it’s just unfortunate that he liked the place and lived there. The genie’s out of the bottle. He moved in there and now there’s going to be people who will come to see it for a long time.”

Judith Hale Gallery, of Los Olivos, picked her words precisely.

“The lines of traffic coming up and down Figueroa road would be inviting a nightmare,” she said. “That wouldn’t be a ‘thriller.’”

Reach Jeremy Foster at jfoster@syvjournal.com.