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Group Fights To Keep Area Near HOLLYWOOD Sign From Developers
A nature conservation group says it has reached a deal that would protect a huge swath of land above the world-famous Hollywood sign from being developed into luxury homes.
Reporter: Associated PressEmail Address: news@kake.com |
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February 9, 2010
A nature conservation group says it has reached a deal that would protect a huge swath of land above the world-famous Hollywood sign from being developed into luxury homes.
Trust For Public Lands president Will Rogers said the group secured an option to buy the 138-acre parcel known as Cahuenga Peak for about $12 million.
The Trust for Public Lands has already raised about $6 million. Rogers says he's confident it can raise the rest before the option expires in mid-April.
If it succeeds, the land will be transferred to the city of Los Angeles, so it can be incorporated into the adjacent 4,200-acre Griffith Park.
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