Environment

Hollywood Sign to be Covered With a Green Message on Thursday

by Amy Judd | February 9, 2010 at 04:59 pm

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The famous Hollywood sign is going to be covered by a green message on Thursday, as long as the necessary paperwork is filed on time and the weather cooperates.

A company called The Trust for Public Land (TPL) plans to cover the Hollywood Sign with a message reading Save The Peak from this Thursday until next Monday; part of an effort to raise money so that TPL can buy Cahuenga Peak.

Cahuenga Peak is made up of 138 acres of land next to the Hollywood Sign and is situated on government property.

TPL, even with the help of numerous celebrities such as Julia Louis-Dreyfus, Virginia Madsen and James Kyson-Lee, still need $6.2 million to buy the land at $11.7 million. It has until April 14th to buy the land, which they are going to give to the City of Los Angeles for them to turn it in to part of Griffith Park.

The Howard Hughes estate sold the Cahuenga Peak land to Chicago-based Fox River Financial Resources eight years ago, and Fox River put it up for sale two years ago for $22 million, but it hasn't found a buyer beyond TPL's option to buy it at slightly more than half that price.

TPL is concerned that if they don't buy it, someone else will and turn it in to a development site.