Over the past year there’s been a lot of development talk about the land surrounding the historical Hollywood sign that sits on the hills overlooking the city. Governer Schwarzenegger declared that thanks to a last minute donation from Playboy founder Hugh Hefner it will remain in tact and won’t become a restaurant, a mall, or any other random attraction that would take away from the city’s trademark.
Hefner coughed up $900,000 dollars, which was the remaining amount needed in the $12.5 million fundraiser to keep developers away from the 138 acres of land. Several other notable patrons of the cause include Steven Spielberg and Tom Hanks. There were also donations coming in from all 50 states and 10 foreign countries. See, the Hollywood sign isn’t a superficial piece of merchandise that’s just a part of L.A. life it’s also a part of the American landscape.
The property on which the sign sits was originally purchased by Howard Hughes back in 1940 and when his estate sold the rights in 2002 to a group of Chicago investors, talk sprung up that the land could possibly be used for something more. A move that would take away from its historical significance and people just couldn’t have that. In your face random developers who like to destroy history.
Are you surprised that Hefner supplied the final donation to save the sign? Were you aware that it was in danger?