Even though TMZ isn’t always the most reliable source, somehow I believe this story is 100% legit.

By the looks of things it sounds like TMZ has been doing their homework! Michael Jackson may just be the next big has been headliner to hit the Vegas strip thanks to Colony Capital, owners of Las Vegas Hilton.
Colony Capital is a private international real estate investment firm. Coincidently, this is the same group that bailed Jacko’s butt out of the fine mess he put himself into with his Neverland Ranch a few months back. When his playground was going to be foreclosed, in came Colony Capital to the rescue. They gave up the cash so that the Pop Prince could get back his creepy residence.

TheVegasEye reports Colony Capital may be angling to put him on stage in Las Vegas.

But you may wonder, what’s in it for Colony?

It’s been reported that the Vegas money is on Jackson headlining there and raking in a much-needed jackpot. Colony has the venue were the show would be at, (it’s where Barry Manilow performed) and now the leverage to moonwalk his butt back to the stage.
Jacko’s peeps haven’t commented about this proposition yet, but hopefully they will confirm it soon.

Michael is such a great performer that if he were to star in a Vegas show, it would definitely be amazing, entertaining, and maybe even a bit creepy all wrapped into one. But I don’t know, maybe Jackson’s return to show business isn’t meant to be.

Would you pay to see the one-gloved wonder?

So, Michael Jackson is so late on his Neverland Ranch mortgage payments and if he doesn’t come up with some cash quick, the entire ranch will be auctioned off to the public on the steps of the Santa Barbara Courthouse on March 19th.

To add insult to injury, news was also just released about another home he owns in Encino, CA (a home his family uses) showing that may be struggling with this $4 million loan. As of January 17th the singer had $153,910 in missed payments. The default notice was withdrawn as of February 7th, so he may have caught up or worked some deal with his lender. But records also indicate that he had also been in default last April & again last August–DUDE–wake up & pay your bills! He was once a world-wide legend and now he’s what?

He’s a dude that vowed he would never return to Neverland Ranch after the 2004 child molestation investigation took place. However, even though he supposedly doesn’t plan to return to his Ranch home, he still wants to save it. He’s currently looking into new financing that would pay off the current loan and put him into a new loan on the property–a source told CNN that “The financing is all being worked out. There are plenty of lenders willing to work with him.”

If he can’t save it? Well, everything–& they mean EVERYTHING–will be auctioned off:

“All trees, shrubs and plants, sculptures, statuary and other outdoor artistic creations and displays…all railroad equipment, trains, locomotives, rail cars and other rolling stock…all Ferris wheels, carousels, merry-go-round type devices, indoor and outdoor gymnasium and athletic equipment…” (statement reportedly from the court document).