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Agreed. This is nothing more than a windfall profit grab by the land speculators that bought this property 8 years ago. They have made false threats for years that they will sell and develop the land, but have never gone through with it. Although they bought the property for $2.7 million, they have valued at $40M, $22M and now $12M hoping to get the city to buy it from them. The land is still considerably over valued, yet no one wants to play hardball or create just as much bad publicity for Fox River Financial Resources and Hollywood Hills, LLC. Paying extortion prices for this plot of land is just insane in this economy. Tom Labong has also been hording taxpayer money to assist in the purchase rather than pay for existing parks and community services. It’s time we play hard ball and have them sell for the real value. Otherwise, the next “vital” piece of land with just go up astronomically.
http://design-daily.com/2010/04/hollywood-un-der-lined/
I always wanted to visit hollywood and see the sign.but I lost my income and it is a economy disaster,I’m use to helping others now I put myself in debt and can’t get help.so I know I wont get to visit the sign ,I will be lucky if I have a Utilities next month and a home. Sincerely Brenda Fason,19 Mace Circle,Conway,AR 72032 California looks so pretty.