Gallery: Hollywood Sign Site Saved By Hugh Hefner & Generous Donations

 

These last couple of months have been touch-and-go for the site of the iconic Hollywood Sign in Los Angeles, but now thanks to a generous donation from Hugh Hefner, the site has been saved! The Hollywood Sign sits on an area of 138 acres on Cahuenga Peak, and while the sign was protected as a landmark, the property was up for sale — a development company had slated the land for five luxury home sites that ran $40 million bucks a pop! Luckily however, people from around the world, plus some famous celebs kicked in enough dough to buy the property and preserve it forever.

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1 Comment

  1. MimiGonzalesMayfairRuiz April 30, 2010 at 9:21 am

    Nice to know that not everything is being devoured by real estate agencies, especially this iconic sign. Hollywood Forever!

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