Developers have been eyeing the hillside, once owned by Howard Hughes, for luxury mansions, but a nonprofit land-conservation group was given the chance to buy the land for $12.5 million. As an April 30 deadline neared, the group was nearly $1 million short.
"I was aware of the fact that they were raising the money, but I only learned about a week ago that they were running out of time," said Hefner. "They only had about a week and a half left to go."
Original Post: Palm Beach Post