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Hollywood Sign Land Trust Gets 16-Day Reprieve, Needs $1.5M More to Buy Cahuenga Peak Property

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It's good news--sort of--for the Trust for Public Land, who today say they have been given "a 16-day extension to finish raising the $12.5 million it needs to buy and preserve the Cahuenga Peak property from private developers," reports KTLA.

Although there have been some significant financial contributions to the cause of saving the area around the Hollywood Sign from development, including $1M each from J. Paul Getty's daughter Aileen, and The Tiffany and Co. Foundation, the group are still $1.5M short.

The Save the Peak movement launched full-throttle in February, and included a temporary re-lettering of the iconic sign to reflect the Trust's message.