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Conservation Group Saves Hollywood Land

| Filed under: Etc.


A nature conservation group announced yesterday that they were able to reach a deal to purchase 138-acres of land known as Cahuenga Peak near the Hollywood sign and save it from being developed in luxury homes.

The group, The Trust For Public Land, secured an option for the land for about $12 million from Chicago's Fox River Financial Resources. The conservationists have been able to raise about $6 million thus far, but they are hoping to raise the rest before the option expires in mid-April. If they are able to do so, the group will then transfer the land to the city of Los Angeles to be incorporated into Griffith Park.

Here's hoping you guys can get the $$$ needed. That's just what El Lay needs - more luxury homes no one can afford.

Seriously, aren't we still in a real estate crisis?

[Image via AP Images.]

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11 comments to “Conservation Group Saves Hollywood Land”

  1. 1

    This site is beginning to suck hard– celeb news? Where is the gossip?

  2. 2

    Perez, get an education. Part of the reason that homes cost so much in LA, and most of California, is precisely because the majority of the State is dedicated to parks, open space and such. In the State of California, 52.1% is owned by Federal and State governments compared to the National average of 39.8%. That doesn't take into account counties, cities and private land trusts. That limits the land available for residential development. Less land for development means fewer available homes which drives up the price. It's called supply and demand. More demand than supply. Remember 95% of Californians live on 5% of its' land.

  3. 3

    This topic is boring. Let's start a new topic. Who her likes empanadas? Lol just kidding. Its the wine. :)

  4. 4

    The real estate crisis is what allowed this group to secure the option. This same parcel was priced for $22mil before the crash. And if this can be considered celebrity news, you are as whack as that spokesperson who said Kesha should apologize to the sign.

  5. 5

    PEREZ: I want to thank you so much for posting this important story. I am sure that any of the 4 whiners who commented above me would be shocked to see luxury homes suddenly blocking one of El Lay's most iconic views. So they'd rather see homes up on that beautiful hill, blocking the most famous sign in the world? Economic downturns DO help conservation groups. This purchase is a landmark one, and it is just awesome that you put this on your blog. It shows that you really care about Los Angeles, not just the crazy celebrities you make fun of. Your site gets a ton of traffic, and hopefully this will open people's eyes to things that are more important in the long term than what color Lohan's underwear was today. Incidentally, my stepfather is the Media Relations head for the Trust for Public Land, and he worked incredibly hard, along with the rest of the employees of this underexposed non-profit, to get this story out to the media and to get this purchase in place. They do wonderful work, and I'm really proud of the effort he put into making this story and this purchase a great one for the city of Los Angeles. He would never have thought to look at PerezHilton.com, but I did, and I was amazed to see that you covered this story! He was wowed, too, when I told him about it. This is a great day for the community of Los Angeles!! THANK YOU.

  6. 6

    Re: ladylove29 – Perez responds well to ass licking. This story was already all over the news. I am sure Yahoo, for one, reaches more people than this site does. Many of his readers are teenagers so I pretty sure they have other things to think about. The only ones who really care about that sign are the people who live in the shadow of it. The rest of the country really couldn't care less.

  7. 7

    I like that u posted this shiz

  8. 8

    An actual interesting story for once.

    And for the record we may be in a housing crisis but by the time that the homes would have been finished and built housing prices would likely be back to normal. Plus doing business right now can save you money since everyone is willing to give you their services for a lot cheaper.

  9. 9

    Oh and PS there's nothing wrong with a group buying land and not developing it. It's when the GOVERNMENT takes and keeps land that could be used by individuals that it becomes a problem. This land *is* being used for individuals right now and that use is simply as a natural reserve or whatever the term would be.

  10. 10

    Sludge: The BBC is running the story. To the rest of the world, this sign represents America. Why the foul mood? Even IF most of Perez's readers are teens, I hope they appreciate preservation of landmarks. More people would throw a riot if they build homes around the sign than I bet you'd think.

  11. 11

    Re: ladylove29 – I would hate to think that the rest of the world sees the symbol of Hollywood as America. I would prefer to think that the Statue of Liberty represents what America is about. Don't get me wrong, I think Hollywood is great. The idealogy of what people can achieve when they follow their dreams is true in a few cases, but nowadays, it's about money lust and greed, and more oft than not, it H/W represents busted dreams and being used. Hollywood is not iconic of America. Ask any farmer in the midwest, or any Wall Street investor and they'll tell you that preserving landmarks is important, but the Hollywood sign just doesn't reflect freedom and hardwork.