Hollywood sign spared from developers
Tuesday 27 April 2010
The Hollywood sign has been spared from urban sprawl and will stand unobscured to welcome future actors, writers and Austrian bodybuilders, California governor Arnold Schwarzenegger said.
The actor-turned politician said a $900,000 (£582,000) donation by Playboy founder Hugh Hefner and a $500,000 (£323,290) matching grant capped a $12.5m (£8.1m) fund-raising drive to protect 138 acres near the famous sign from the development of luxury estates.
Schwarzenegger called it "the Hollywood ending we hoped for".
"It's a symbol of dreams and opportunity," he said. "The Hollywood sign will welcome dreamers, artists and Austrian bodybuilders for generations to come."
The governor praised the public and private partnership that raised the money to keep the property out of the hands of developers.
Hefner, who calls the sign "Hollywood's Eiffel Tower", put the effort over the top.
"My childhood dreams and fantasies came from the movies, and the images created in Hollywood had a major influence on my life and Playboy," he said.
Schwarzenegger said private donations came from all 50 states, 10 foreign countries and a number of individuals, including J Paul Getty heir Aileen Getty, Steven Spielberg and Tom Hanks.
The hilltop property known as Cahuenga Peak features a 360-degree panorama of Los Angeles and the San Fernando Valley.
It was originally purchased in 1940 by Howard Hughes, who wanted to build a home for his then-girlfriend Ginger Rogers.
But the relationship ended, and the Hughes estate sold the property in 2002 to the Chicago-based investment group Fox River Financial Resources.
It was put on the market again two years ago.
Wildlife Conservation Board executive director John Donnelly said the permanent protection of Cahuenga Peak is a significant addition to the city's Griffith Park and will enhance wildlife corridors throughout the region.
- 1 Humans of New York image of crying gay teen receives best response from Ellen DeGeneres
- 2 What supermodels really think about posing in the nude
- 3 People all over the world are getting semicolon tattoos to draw attention to mental health
- 4 Swedish minister gives strongest case yet on why EU should stop turning away asylum seekers
- 5 Chris Moyles reportedly set to make radio comeback with new breakfast show on XFM
Humans of New York image of crying gay teen receives best response from Ellen DeGeneres
Greece debt crisis explained: A history of just how the country landed itself in such a mess
Swedish minister gives strongest case yet on why EU should stop turning away asylum seekers
Isis schoolgirl Amira Abase who fled London to join terrorists in Syria mocks victims of Tunisia massacre
Father faces deportation to Thailand after 27 years in Britain for two 'stupid crimes'
More Britons believe that multiculturalism makes the country worse - not better, says poll
Nathan Collier: Montana man inspired by same-sex marriage ruling requests right to wed two wives
Osborne to cap family benefits at £23,000 – announced ahead of his post-election Budget
Greece crisis: IMF was pushed around by Angela Merkel and Nicholas Sarkozy – and now it is being humiliated
Forget little green men – aliens will look like humans, says Cambridge University evolution expert
Girl, 7, stares down hate preacher at Ohio festival with pro-LGBT rainbow flag gesture
Negotiable: Recruitment Genius: Working with a set process to achieve profitab...
£30000 - £35000 per annum: Recruitment Genius: This company provides a number ...
Negotiable: Recruitment Genius: A Facilities Coordinator is required to join a...
£35000 - £45000 per annum: Recruitment Genius: A dynamic, customer oriented Pr...