For Sale: The Land Next To The Hollywood Sign!?
By Peter Sciretta/April 17, 2008 2:16 pm EST
The City of Los Angeles, which owns the ground the sign stands on and the land on three sides of it, should be allowed to acquire the old Hughes property. However laws prohibit the city to legally pay more than $6 million, the price for which the property has most recently been appraised for. The councilman is hoping to talk conservation groups into buying the land or to ask Hollywood big wigs to chip in. Apparently in 1970s, Hugh Hefner, Alice Cooper and other celebrities paid $28,000 each to replace the Hollywood sign’s nine crumbling letters.
One thing is for sure, it would be a real shame if billboards or mansions were visible next to the iconic shot of the Hollywood sign.
Discuss: What should be done about this situation?
