Will they turn the Hollywood Sign into a Hotel?
This is an interesting architectural, concept design for the Hollywood Sign by Danish studio Bayarch. They’ve focused on preserving the look of the landmark, but making it more profitable by turning it into a hotel with spas, movie theaters and clubs.
News about the Hollywood Sign (from Daily News):
(…) While the landmark sign itself is owned by the city of Los Angeles, the rugged area in back and to the left of the sign is privately held and investors had planned to sell the land for $22 million to real estate developers, who in turn wanted to build mansions.
The Chicago investors later agreed to sell the land to the city for $12.5 million. Los Angeles Councilman Tom LaBonge and the Trust for Public Land have worked since February to raise the money to secure the 138-acre parcel to the west of the Hollywood sign called Cahuenga Peak.
On Wednesday, the Trust, a national land conservation organization, and LaBonge are expected to announce if the goal has been met.
Neighbors and those involved with the sign are confident that the Trust for Public Land has succeeded in raising the funds.
Link via Design Boom