It has been vacant for quite some time but now it is to be purchased and renovated.
I HOPE they keep the cool art deco feel and plug the neon back in too! If not, at least give us the chance to save it from the dumpster.
I'm willing to pitch in on a Bake Sale so the Museum of Neon Art can buy it.
They're trying to renovate the old main drag on Sherman Way. It worked for NoHo, maybe it'll work here. Here's an article from an LA someTimes newspaper...