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$3 Million in 3 Weeks Needed to 'Save the Peak'
Will the Hollywood Sign get new neighbor in the form of luxury homes or will the land to the left of the "H" be preserved and become part of Griffith Park? That depends on fundraising efforts by the Trust for Public Land, which struck a $12.5 million deal with the land owners to pay up by April 14th. If the money is not in hand by then, the land goes back on the market, with the possibility of being sold to developers who could place homes around Cahuenga Peak. "We're talking to a lot of people," said Tim Ahern of the Trust to KPCC. "We feel good about where we are and we feel good about our chances to do this." For background on this, check out LAist's profile on the project.
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You come to LAist because you want independent reporting and trustworthy local information. Our nonprofit newsroom doesn’t answer to shareholders looking to turn a profit. Instead, we answer to you and our communities. We are free to follow facts wherever they lead and to hold power to account without fear or favor. Our only loyalty is to our readers and listeners and our mission: to inform, engage, and strengthen Southern California’s communities.
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