Developers won’t be building anything behind the landmark Hollywood sign.
California Gov. Arnold Schwarzenegger on Monday said that a final $900,000 donation by Playboy founder Hugh Hefner completed the $12.5 million fundraising drive to protect the 138 acres behind the famous sign.
The governor praised the public and private partnership in raising the money to keep the property out of hands of developers. The Trust for Public Land conservation group raised $6.7 million in private funds, the state raised $3.1 million and local funds provided $2.7 million.
Schwarzenegger noted private donations were given by all 50 states, 10 foreign countries and individuals, including J. Paul Getty heir Aileen Getty, Steven Spielberg, Tom Hanks and Hefner.
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