Neverland Trademarks Don't Pan Out

9/11/2009 2:45 AM PDT

Neverland Trademarks Don't Pan Out

Efforts to turn Neverland Ranch into a tourist attraction just took one giant step backwards.

We've learned Paul Fuhrman -- the senior vice president of Colony Capital -- filed paperwork on Wednesday asking the U.S. Patent Office to forget about the Neverland trademark applications his company filed last month. The request was granted that day.

Colony had filed the trademark applications in case Neverland was turned into a Graceland-esque tourist attraction for Jackson fans.

Doesn't look like that's going to happen any time soon.