Hollywood sign is saved by Playboy mogul Hugh Hefner

The important Hollywood pointer in Los Angeles has been saved from demolition - interjection to Playboy noble Hugh Hefner.

The soft-porn lord stepped in at a final minute with a $900,000 (£580,000; 670,000 euros) donation to stop a site being developed.

The pointer is owned by a city, though a property around it belongs to a group of Chicago-based investors.

California Governor Arnold Schwarzenegger described a headlines as "the Hollywood finale you hoped for".

Governor Schwarzenegger pronounced Mr Hefner's donation as well as a $500,000 matching grant brought to an finish a $12.5m fundraising campaign.

'Hollywood's Eiffel Tower'

It equates to 138 acres around a bank pointer will be protected from developers, who longed for to spin a land in to high-price housing estates.

"It's a pitch of dreams as well as opportunity," Gov Schwarzenegger said.

The investors had planned to sell a land to developers, though agreed to sell to a trust for $12.5m if a income could be raised.

The pointer was draped in a ensign to raise recognition of a campaign

Mr Hefner, who calls a pointer "Hollywood's Eiffel Tower", said: "My childhood dreams as well as fantasies came from a movies, as well as a images combined in Hollywood had a major change on my hold up as well as Playboy."

Donations came from all 50 US states, 10 countries as well as celebrities, including actor Tom Hanks as well as director Steven Spielberg.

In February, a pointer was draped with a ensign that review "Save a Peak", to raise recognition of a campaign.

The Hollywood pointer itself, that is set high up in a hills, was initially combined in 1923 as an advert for a genuine estate development called Hollywoodland.

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