Guide Note:In 2008, investors in Fox River Financial Resources put a 138-acre plot of land adjacent to the Hollywood Sign on Cahuenga Peak in Los Angeles up for sale for $22 million. Once owned by mogul Howard Hughes, the land is not encumbered by any building restrictions and includes the right-of-way for road construction to a potential future mountaintop mansion.

Los Angeles preservation groups are encouraging the city to purchase the land for use as a park. If the city cannot afford the price, some are encouraging celebrities to foot the bill. Fast Facts:

Fox River Financial Resources bought land from Hughes' estate in 2002 for $1.6 million
Sign originally read "Hollywoodland"
Sign was originally advertisement for housing development in area
It was rumored that Hughes wanted to build mansion on peak where he would live with Ginger Rogers
Many want peak protected and want parcel bought by city
City not allowed to spend more than $6 million appraisal value for land

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Hollywood Sign Land Sale

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Hollywood Sign Land Sale News

Official Site: Hollywood Sign
The Associated Press: For Sale: Land Next to HOLLYWOOD Sign (April 17, 2008)
NPR: 'Hollywood' Sign Property Up for Sale (March 7, 2008)
Telegraph.co.uk: Development threat to iconic Hollywood sign (February 26, 2008)
Washington Post: Land for Sale Near Famed Hollywood Sign (February 15, 2008)
KNBC (Los Angeles) Video: Land Next to Hollywood Sign for Sale (February 13, 2008) (Time: 3:00)
Topix.net: Hollywood Sign Land Sale
Google News: Hollywood Sign Land Sale

Hollywood Sign Land Sale Background

Official Site: Hollywood Sign Live Webcams
Official Site: Hollywood Sign History
Urban History: Urban Icons - Hollywood Sign
Wikipedia: Hollywood Sign

Hollywood Sign Land Sale Blogs and Commentaries

The Wall Street Journal Blog: Land Next to Hollywood Sign Hits the Market (February 12, 2008)
Curbed LA: Slight Mark Up For Land Near Hollywood Sign (February 13, 2008)
PreserveLA.com: Land Near Hollywood Sign For Sale (March 4, 2008)
Google Blog Search: Hollywood Sign Land Sale

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Hollywood | Los Angeles | Howard Hughes | Ginger Rogers

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