Dismiss Notice
Welcome to Our Community
Wanting to join the rest of our members? Feel free to sign up today.

Land next to Hollywood sign for sale

Discussion in 'General Discussions and Lounge' started by kappa84, Apr 21, 2008.

  1. kappa84

    kappa84 Senior Member Webmaster

    An investment group that owns the land next to Hollywood sign put it on sale for $22 million. This land was first bought by Howard Hughes in 1940, and in 2002 the above mentioned investment group bought it with $1.7 million.

    People are afraid that on that land mansions will rise-up that will make the sign not so visible as it is now, and that people that go for a walk there to have a panoramic view of LA basin will not be allowed in the future to do that.

    The problem is that the city can’t pay more than $6 million on that land, and they are thinking about asking help from the celebrities to keep that spot untouched.

    Source: http://ap.google.com/article/ALeqM5je876f_LcmMkE-myEbsxdI22jEEAD903JCNG0

    It will be probably a great loss for Hollywood, the sign it’s a symbol, we all know it like it is. Hope they’ll manage to keep in this way. :nono:
  2. Bionic_Woman

    Bionic_Woman New Member Webmaster

    I wonder what will happen there then. :blink:

Featured Resources (View All)

Share This Page