The Sign’s rebirth was one important step in a successful Hollywood revitalization effort that continues to this day.
In 1980, a $90 million federal grant enabled Hollywood to launch a slew of redevelopment projects. In ’89, Disney Studios began a museum-grade rehabilitation of the El Capitan Theater.
Ten years later, part of the Egyptian was restored to its glory. The Roosevelt Hotel and Pantages Theater all received well-deserved makeovers during the last decades of the millennium.
In short, Hollywood was moving forward, in part by wisely reinvesting in the monuments of its past.