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KAUFMAN AND BROAD TURNS OVER KEYS TO NEW CAMP HOLLYWOODLAND PAVILION AFTER RECORD REBUILDING EFFORT

KAUFMAN AND BROAD TURNS OVER KEYS TO NEW CAMP HOLLYWOODLAND PAVILION
 AFTER RECORD REBUILDING EFFORT
 Bradley, Other Dignitaries On Hand As Builder Dedicates
 $1 Million-Plus Project to the City of Los Angeles
 LOS ANGELES, July 30 /PRNewswire/ -- Celebrating the successful completion of an intensive rebuilding effort, Kaufman and Broad Home Corp. (NYSE: KBH) joined with city officials today for the formal dedication of the new Camp Hollywoodland, less than three months after the camp's existing buildings were destroyed by fire.
 A group of young campers cut the ceremonial ribbon stretched across the entrance to the new, nearly 8,000-square-foot Kaufman and Broad Pavilion. They were assisted by Bruce Karatz, president and chief executive officer; Los Angeles Mayor Tom Bradley; Jackie Tatum, general manager of the City Department of Recreation and Parks; and other dignitaries.
 "This is a great day for Los Angeles," Bradley said. "This project shows what can be accomplished when the public and private sectors join together to help our city. I salute Kaufman and Broad and everyone else involved for their leadership and their concern."
 Plans to rebuild the camp were announced on May 29. Site preparation work began June 2, with actual construction of the new pavilion getting under way 10 days later. Thanks to the cooperation of numerous city and county government agencies in streamlining the permit process, Kaufman and Broad -- along with more than 80 suppliers and subcontractors who donated labor and materials -- completed the new pavilion in less than two months, instead of the two years such a major project would ordinarily take.
 The effort required an estimated 15,000 person-hours, with crews working 12 to 14 hours a day, seven days a week to finish the building on time.
 The cost of rebuilding the camp, estimated at more than $1 million, is being borne solely by Kaufman and Broad, its suppliers and subcontractors and corporate donors. Major donations came from First American Title Co., Federal National Mortgage Association (Fannie Mae), Whirlpool Corp. and General Electric.
 Karatz said that, in addition to serving as an example of effective cooperation between the public and private sectors, the accelerated construction schedule will help Camp Hollywoodland resume normal operations much sooner than expected.
 "Because it provides young girls with a welcome escape from the pressures of urban life -- particularly the many hundreds of underprivileged, inner-city kids who come here during the summer -- we felt it was crucial for the camp to resume its regular schedule as soon as possible," Karatz said.
 "Los Angeles is our home, and all of us still believe in this great city," Karatz added. "Our decision to rebuild Camp Hollywoodland represented our desire to do something for the youth of our city, who are at the very heart of many of the tensions we saw exhibited this past spring. We're proud to have played a small role in helping ease those tensions and to have done so within a timeframe many felt would be impossible."
 The new Kaufman and Broad Pavilion, designed by the company's award-winning architectural staff, includes a large dining/meeting hall, kitchen area, offices, break-out areas and patios. The exterior is highlighted by wood siding and stone to harmonize with the camp's rustic Hollywood Hills setting.
 The original Hollywoodland Girls' Camp was opened in 1926 and moved to its present location in Griffith Park in 1951. The camp offices, director's residence, dining hall and kitchen were destroyed in a pair of suspicious fires on May 3 and May 9. The camp's 12 bunkhouses and recreational facilities, located away from the main building, were not damaged and remain in use.
 "We were devastated by the loss of these buildings, particularly because we knew the city didn't have the money to replace them," Tatum said. "It's still hard for me to believe that, less than three months later, we have a beautiful, brand new Camp Hollywoodland. It's a wonderful example of what can be accomplished when we all work together. I hope other companies will be inspired by what Kaufman and Broad has done to make their own contribution to rebuilding our city," she added.
 Los Angeles-based Kaufman and Broad is the largest producer of single-family housing in California and the largest builder in metropolitan Paris, where the company develops commercial office properties and a variety of residential investment properties in addition to single-family homes.
 CAMP HOLLYWOODLAND FACTS
 LOCATION: Griffith Park
 3200 Canyon Drive, Hollywood Hills
 OWNED BY: The City of Los Angeles
 OPERATED BY: L.A. Department of Recreation and Parks
 HISTORY: Original Hollywoodland Girls' Camp dedicated 1926;
 moved to present site in 1951, with the old girls'
 camp re-dedicated as the Griffith Park Boys' Camp.
 Main buildings at present site destroyed by fire,
 May 1992. New Kaufman and Broad Pavilion dedicated
 July 30, 1992.
 CAPACITY: 200 campers per session
 Total summer attendance more than 2,000 annually
 PROGRAMS: Week-long sessions during summer; also day and
 weekend camping throughout the year; special
 programs for parents and children
 CAMPER
 PROFILE: Open to girls 6 to 14 years of age; campers come
 from throughout the greater metropolitan area, as
 well as many from outside Los Angeles
 COST: $135 per six-day session; camperships available for
 children from low-income families
 FOR MORE
 INFORMATION: Al Goldfarb, public relations director of the
 L.A. Department of Recreation and Parks,
 213-485-5555
 -0- 7/30/92
 /CONTACT: Bernard Sandalow of Kaufman and Broad, 310-443-8040/
 (KBH) CO: Kaufman and Broad Home Corp. ST: California IN: CST SU:


LS-JL -- LA013 -- 5334 07/30/92 17:38 EDT
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Date:Jul 30, 1992
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