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Madame Tussauds Ribbon Cutting Tomorrow, Opens August 1st

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As Hollywood loses the Knitting Factory, it gains Madame Tussauds. Even trade? Not at all. But as tourism goes, the wax museum will be a sticky attraction.

350 construction jobs were created out of the project and over 100 permanent operational jobs will exist thanks to Madame Tussauds, according to Mayor Antonio Villaraigosa's office, which expects it to have an annual fiscal impact of $800,000. A ribbon cutting with the Mayor and others will take place tomorrow morning.

The museum will open on August 1st and feature a lot of Hollywood, obviously, including Charlie Chaplin, Jimmy Stewart in "It's A Wonderful Life", Penelope Cruz, David Beckham, Jim Carrey, Clint Eastwood, Bruce Willis, Johnny Grant, Halle Berry, X-Men Origins: Wolverine's Hugh Jackman, Robin Williams, Johnny Depp, Lance Armstrong,, Justin Timberlake, James Dean, Clark Gable, Audrey Hepburn, Nicole Kidman, Salma Hayek and Denzel Washington.