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Hugh Hefner Chips in to Save Hollywood Sign

Hef donates $900K; $12.5M needed to buy land from developers

By Nick McMaster,  Newser Staff

Posted Apr 26, 2010 5:51 PM CDT

(Newser) – Hugh Hefner donated $900,000 to save the iconic Hollywood sign today, joining Gov. Arnold Schwarzenegger and other California notables who've stepped up to save the sign from real estate developers. The Tiffany Foundation has ponied up $500,000, but more is still needed: The Trust for Public Land estimates the tab to buy the land back from the Chicago owners who want to demolish the sign at $12.5 million, the LA Times reports.

California Gov. Arnold Schwarzenegger joins a news conference under the Hollywood sign with Los Angeles city officials and members of the Trust for Public Land April 26, 2010, in Los Angeles.
California Gov. Arnold Schwarzenegger joins a news conference under the Hollywood sign with Los Angeles city officials and members of the Trust for Public Land April 26, 2010, in Los Angeles.   (AP Photo/Damian Dovarganes)
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COMMENTS
Showing 3 of 13 comments
NoddaAndYou
Apr 27, 2010 5:09 AM CDT
Now if they could just show the same fervor in fixing their budget deficits, they might actually get somewhere. *sigh*
JoeQ
Apr 27, 2010 3:12 AM CDT
You gotta wonder what kind of Land Use Planning they have in the Hollywood Hills to permit development on such steep slopes. If the earthquakes don't shake them off the landslides will.
youngblood
Apr 27, 2010 12:55 AM CDT
I hate these GREEDY real estate LOWLIFES!! They fucked up NYC where it use to be different neighborhoods and store owners who you knew, neighborhood coffee shops and now its all yuppies and rich fucks and Victoria Secrets and Starbucks all because of these greedy bastards and now they are trying to do it to L.A. Good 4 you Hef!!!!!!!!!!!!!!!!!

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