Hugh Hefner Saves Hollywood!

Tinseltown can thank Hugh Hefner for saving its most prized possession -- their iconic Hollywood sign -- as the Playboy Mogul reached deep into his pockets to keep the landmark standing.

Hefner shelled out a whopping $900,000 to the Trust for Public Land, providing the remaining cash needed for the $12.5 million fee, to purchase the 138 acres surrounding the Hollywood sign and prevent it from being developed.

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