Group raises $12.5M for Hollywood sign land

Palm trees stand in front of the famed Hollywood sign, Saturday, April 24, 1999, in Los Angeles. (AP Photo/Mark J. Terrill)

April 26, 2010 9:57:05 AM PDT
Developers won't be building anything behind the landmark Hollywood sign. The Trust for Public Land says Playboy founder Hugh Hefner's $900,000 donation completes the conservation group's $12.5 million fundraising drive to protect the 138 acres behind the Hollywood sign.

Gov. Arnold Schwarzenegger said Monday that Hefner was the final donor, calling it "the Hollywood ending we hoped for."

Hefner's gift caps a yearlong effort by conservationists to keep developers out of the area behind the sign. Aileen Getty, a billionaire daughter of oil baron J. Paul Getty, and The Tiffany and Co. Foundation earlier contributed $1 million.

In a statement, Hefner says the sign is "Hollywood's Eiffel Tower."