Hollywood Sign Secretly Saved

West
Tuesday, February 9, 2010
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There's more to the sign than just those letters.

It all seems so hush-hush, which is surprising in Hollywood, but the Hollywood Sign has apparently been in trouble for some time.  Chicago-based  Fox River Financial Resources has been trying to sell  large parcels on the hill just next to its “H” for luxury homes. The company bought the land from the estate of Howard Hughes in 2002. Luckily the Trust For Public Land has secured an option to buy the  138-acres on Cahuenga Peak for about $12 million, hoping to maintain views of and around the sign, and to preserve local recreation and habitats. The Trust has already raised about $6 million from sources like the Tiffany & Co Foundation and from Hollywood celebrities like Julia Louis-Dreyfus, Virginia Madsen, and Aisha Tyler. Now all that’s left is for the group to raise another $6 million more by April 14 to complete the deal. To donate, go here.

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