March 11, 2010

71/365 - Hollywood Sign

71/365 - Hollywood Sign, originally uploaded by LCSTRAVELBUGGIN.

For Paris, the Eiffel Tower. For London, Big Ben. For L.A./Hollywood, the Hollywood Sign. Unbelievably, the owner of this hilltop is a real estate company in Chicago! The land was originally purchased by industrialist Howard Hughes in 1940, to build a home for actress Ginger Rogers. But the relationship between the two fell apart. After Hughes died, his estate sold the property in 2002 to a group of Chicago investors. They put the property on the market two years ago for $22 million. It is zoned to build four luxury homes. The latest??? The Trust for Public Land is trying to raise enough money to buy back the land by April 14. If they don't, the homes will be built. Here's the latest:

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