Remember meForgot password?
    Log in with Twitter

Gov. Arnold Schwarzenegger saves Hollywood sign

By Richard Mccallum     Apr 26, 2010 in Travel
Los Angeles - Real estate developers who had hoped to build new properties behind L.A.'s famous Hollywood sign have had the project terminated.
A donation of $900,000 from the founder of the Playboy empire, Hugh Hefner, completed the $12.5 million fundraising goal spearheaded by the California governor to protect the 138 acres behind the iconic sign.
The Trust Fund for Public Land was a combined effort between public and private partners to stop the land development. The TFPL also raised $6.7 million from local donations and $3.1 million from the State of California.
Tiffany and Co along with J. Paul Getty heir Aileen Getty contributed $1 million. Other contributions were collected from Stephen Spielberg, Tom Hanks, 10 foreign countries and all 50 of the United States.
" My childhood dreams and fantasies come from the movies, and the images created in Hollywood had a major influence on my life and Playboy' said Hefner in a statement
"I did what the the Terminator was supposed to do,and that was jump into action." added Gov Schwarzenegger.
Billionaire Howard Hughes had originally purchased the property in 1940 to build a home for actress Ginger Rogers, but after their relationship ended the land was sold to Chicago Investors.
According to legend and Kenneth Anger's Hollywood Babylon, the sign is haunted by the spirits of many failed starlets and other Hollywood types who have leaped to their deaths from the famous landmark.
More about Hollywood sign, Arnold Schwarzenegger, Hugh hefner
More news from