On November 10, 2008, Jackson transferred the title to Sycamore Valley Ranch Company, LLC, and neighbors reported immediate activity on the property, including the amusement rides being trucked along the highway. Jackson still owned an unknown stake in the property, since Sycamore Valley Ranch was a joint venture between Jackson (represented by McMillan) and an affiliate of Colony Capital. The Santa Barbara County Assessor's Office stated Jackson sold an unknown proportion of his property rights for $35 million. Subsequent news reports however, indicated that Colony Capital had invested only $22.5 million in the property. In any event, reliable sources indicate that Colony is the majority owner.