Could not authenticate you.followers
Playboy Founder Hugh Hefner has stepped up to donate the final funds needed to allow the Trust for Public Land (TPL) to purchase the 138-acre plot behind the Hollywood sign known as Cahuenga Peak.
Hefner’s gift of $900,000 helped TPL reach the $12.5 million needed to buy the property. The land will now be incorporated into Griffith Park, where it will remain undeveloped, preserving the view of the Hollywood sign and further growing what is already the nation’s largest urban park.
California Governor Arnold Schwarzengger joined Los Angeles City Councilmember Tom LaBonge, 4th District, and TPL officials at the Hollywood sign on Monday morning to announce the impending purchase,
“Of all the iconic landmarks in the world, the Hollywood sign is truly one of the most recognizable symbols of the California dream and land of opportunity,” Schwarzenegger said. “It called to me when I left Austria and made my way to the U.S., with a few dollars in my pocket and the dream of becoming an actor. I am proud we were able to come together and create a public-private partnership to protect this historic symbol that will continue to welcome dreamers, artists and Austrian bodybuilders for generations to come.”
Last year, TPL negotiated an exclusive deal to purchase the land for $12.5 million from the Chicago-based investors who have owned it since 2002. That deal, which was set to expire on April 15, was extended until April 30 to allow TPL more time to come up with the money.
In addition to Hefner, the Tiffany & Co. Foundation and Aileen Getty each donated more than a $1 million towards purchasing the property, while hundreds of other people and organizations donated smaller sums. LaBonge had also set aside $4.3 million in Los Angeles public park funding over the past eight years to purchase the hillside property.
LaBonge, who chairs the City Council’s Parks, Health, and Aging Committee, expressed excitement about finally acquiring the property.
“This is a great day for all of us. I have climbed Mt. Hollywood every morning for over 30 years and look forward to hiking Cahuenga Peak with anyone who wants to join me,” LaBonge said. “This would not have happened without the Trust for Public Land, the Hollywood Sign Trust and the Hollywood Chamber of Commerce. Very special thanks to a man who, like me, loves nature, loves people and provided great strength to bring us to this point, Governor Arnold Schwarzenegger.”
This site uses Akismet to reduce spam. Learn how your comment data is processed.
So now that the land will be incorporated into Griffith Park, will park patrons finally be able to actually use the land, or will all the alarms and sensors still be in place to alert the authorities if someone dares hike near the sign?
If the latter, I’d rather the land go to developers. Hopefully it’s the former.