Oscars has finally moved back home to Hollywood. As part of a massive development project at the intersection of Hollywood boulevard and Highland Avenue, the Academy Awards ceremonies officially returned to Hollywood in March 2002.
The Dolby Theatre, the ceremony’s new 3,500- seat home, is the centerpiece of Trizec Hahn’s $567 million entertainment complex.
Located across the street from the Hollywood Roosevelt Hotel where the first Academy Awards presentation took place in 1929, the Dolby Theatre is the only one of it’s kind in the world designed to meet the Academy for guest arrivals, press area for 1,500 journalists, 25,090- square- foot ballroom catered exclusively by restaurateur Wolfgang Puck, a special ' media Cockpit ' for live broadcasts and three balcony levels.
The open – air, five- story retail and entertainment complex, strategically located above the Hollywood and Highland Red Line subway station and adjacent to the historic Grauman’s Chinese Theatre, occupies 1.3 million square feet to house theaters, a hotel, ballroom, restaurants, clubs, retail shops, movie studios, a live broadcast center and the Dolby Theatre, a 3,500- seat auditorium that will be the new home for the Academy Award presentations.
A special highlight of the complex, a dramatic grand staircase to upper levels with a panoramic view of the famous Hollywood sign.