The land behind the Hollywood sign will remain bare, thanks to the Playboy founder Hugh Hefner.
Governor Arnold Schwarzenegger announced Monday (April 26) that the final $900,000 needed to keep developers away from the 138 acres came from Hefner. That was the amount required to complete the $12.5 million fund-raising drive to save the land.
The Trust for Public Land conservation group raised $6.7 million
California raised $3.1 million; local funds provided $2.7 million
Private donations from all 50 states and 10 foreign countries
Aileen Getty and The Tiffany and Co. Foundation: $1 million
Other individual donors include Steven Spielberg, Tom Hanks and of course, Hefner
A little background on the land: It was originally purchased in 1940 by
Howard Hughes, who planned to build a home for his girlfriend of the
moment, Ginger Rogers. However, the two went splitsville and the Hughes
estate ended up selling the property to a group of Chicago investors in
The property was put on the market two years ago for $22 million. So
thanks to Hef, we get to keep gazing at shrubbery (hmm) behind the sign
instead of sprawling luxury homes.
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More Hugh Hefner dish:
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Photo credit: Getty Images