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The Hollywood sign
The iconic Hollywood sign, a world famous landmark which has been in place since 1923, is under threat from developers who want to replace it with luxury houses.
A conservation group needs to raise a further $US3 million to reach the sales price of $US12.5 million.
The consortium who have the rights to build the luxury mansions have agreed to the $US12.5 million price tag, almost $US10 million lower than their original asking price, if the conservation group can pay by April 14.
Spokesman for the group, Mr. Tim Ahern of the Trust for Public Land, said the group are optimistic about raising the rest of the money to save one of Los Angeles’ most beloved attractions.
“We are close to our goal to save the sign and know that we can reach it” Mr. Ahern said.
“It would be a shame to lose such a landmark which has been in place since the 1920s”, he said.
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