2009-10-02 20:28:42 - Christian Audigier Didn't Buy Neverland Ranch But Making MJ Museum In Holmby Hills Home

It's time for some rumor patrol! After Michael Jackson passed away in July, there were reports that Christian Audigier had purchased Neverland Ranch for $90 million dollars.

According to the reports, Christian was going to purchase Neverland and turn it into a Graceland-like amusement park. But Christian tells Hollyscoop exclusively, that there's no truth to the rumors.

"I just took his [Holmby Hills] house, not Neverland," Christian told Hollyscoop.com. He didn’t like Neverland. He didn’t want to go back there...so it's not Neverland at all."

He added that he purchased the home Michael "passed away in. The last time he was living."

So what is he planning on doing with the 17,171 square foot, 3-story French Chateau style estate? "I want to create a

memorabilia and museum for 'This Is It', that's what I want to do," he said.

"So far I'm buying a big collection of memorabilia and personal objects that he has," added Christian. "Nobody knows that two streets past his house was Elvis Presley's house. So [there were] two kings in the same area," Christian told Hollyscoop.

So there you have it, straight from the designer/Michael enthusiast himself. Christian also promised that as soon as his MJ museum is complete, he'll invite us over for an exclusive first look. Stay tuned MJ fans! To check out interview make sure to tune into our Hollyscoop news show which airs on the CW Network this Sunday at midnight.