Hugh Hefner Drops Close To A Million To Save Hollywood Land
Posted on Mon Apr 26, 2010 01:27 PM PDT

hefner200.jpgLOS ANGELES, California (X17online) - Hugh Hefner has donated the final amount of money needed to save the 138 acres of land behind the Hollywood Sign. The Playboy magazine founder has donated $900 million towards the cause ... helping The Trust for Public Land to reach their goal of $12.5 million.

TPL President Will Rogers released this statement:

    "Today, we have the Hollywood ending we hoped for and now Cahuenga Peak will be forever protected by adding it to Griffith Park. We want to thank the thousands of donors worldwide who so generously helped us, and we owe a particular thanks to Hugh Hefner, who stepped forward at the end to close the final gap."

Governor Arnold Schwarzenegger has supported the cause since day one calling the Hollywood Sign "truly one of the most recognizable symbols of the California dream and land of opportunity."

Howard Hughes' estate, who originally owned the land, sold the property in 2002 to a group of Chicago investors. The land was put on the market for $22 million, and is zoned for four luxury homes. However with the money raised, the property will now remain protected.

Tiffany & Co. Foundation donated the first $1 million towards the cause early last year. Other donations came from Aileen Getty, Academy of Motion Picture Arts and Sciences, CBS Corporation, the Lucasfilm Foundation, NBC Universal, Sony Pictures Entertainment, Steven Spielberg and The Walt Disney Company Foundation.