The Tiffany & Co. Foundation announced Tuesday that it has awarded a $1 million grant to The Trust for Public Land and its campaign to Save Cahuenga Peak, home of the Hollywood sign.
The award expands the Foundation’s urban parks program that originated with support for New York City’s parks through the Battery Conservancy and Friends of the High Line and now includes parks in other major cities, including Houston, Chicago and Miami.
The grant will go toward TPL’s purchase and conservation of the 138-acre Cahuenga Peak site. The property’s owners, a group of investors who purchased the land from the estate of industrialist Howard Hughes in 2002, have accepted the selling price at $12.5 million. TPL plans to transfer the Cahuenga Peak site to the adjoining 4,200-acre Griffith Park, the nation’s fourth most visited park, thus permanently protecting the view of the Hollywood Sign and a remarkably intact ecosystem of native chaparral plants and animals.