Hollywood Sign Saved: Group Makes Deal To Protect Adjacent Land
Posted by Yahoo! Buzz US: Top Stories on Feb 9, 2010
LOS ANGELES — A nature conservation group said Monday it has reached a deal that would protect a huge swath of land near the world-famous Hollywood sign from being developed into luxury homes.
Trust For Public Land president Will Rogers said the group secured an option to buy the rugged 138-acre parcel known as Cahuenga Peak for about $12 million from Chicago area-based Fox River Financial Resources.