AM news: the Hollywood sign, no house for you, LA's Gold
Hollywood hills residents have teamed up with preservationists to try to stop luxury homes from being built on the hillside above the Hollywood sign. The LA Times reports that the property was bought for $1.7 million by Chicago developers in 2002; activists are halfway to raising $6 million to buy the land back and turn it into a park.
LA's median home price topped $500,000 in the last quarter of 2005, making our city the nation's least affordable housing market for a year and a half running.
So what if we can't afford to buy a house and rich Chicagoans are trying to build McMansions on top of our iconic Hollywood sign: LA has the best food writer ever. This week Jonathan Gold hates and loves The Lodge all at once in the LA Weekly; read it and drool and curse with him.