KNX radio is reporting that Playboy founder Hugh Hefner has agreed to send over a check for $900,000, the final amount of money needed to purchase the 138 acres on Cahuenga Peak from those Chicago-based investors. A news conference with Gov. Arnold Schwarzengger is currently underway. Here's the press release from the Trust for Public Land:
"Hefner's gift capped a year-long effort, which began with $1 million gifts each from The Tiffany & Co. Foundation and Aileen Getty. At the original April 14 deadline, TPL still had $1.5 million to raise. TPL received a fundraising extension to April 30, and The Tiffany Foundation and Ms. Getty stepped forward again with a $500,000 matching grant, which TPL would receive if the remaining $1 million was raised. Hefner's gift closed that final gap and enabled TPL to realize the Tiffany and Getty challenge funds." And so the land is saved. And so concludes one of the stranger stories of 2010, a listing that saw offers from controversial sign company SkyTag, resulted in a lot of needless commentary from real estate agent Ernie Carswell, saw allegations of political posturing and city blundering, and most importantly, launched numerous design suggestions from overseas architects. Hooray for Hollywood.
· HUGH HEFNER IS FINAL DONOR, LAND AROUND HOLLYWOOD SIGN SAVED [Save Cahuenga Peak]