Originally Posted by
Hildaonpluto:
“Thank you for that Information. 
Do you know whose original idea the Hollywood walk of fame was?What I'm driving at is were did the impetus come from for its creation and who pays for /is responsible for its upkeep?
Is it owned at least in part by the academy?Or is it paid for by the whole industry or an artistic charity?
I don't like the thought of its existence being in peril on the whim of a company who can't be bothered to pay for its upkeep? I would like to go one day!
”
The man credited with the idea of creating the Walk of Fame was E.M. Stuart, who served in 1953 as the volunteer President of the Hollywood Chamber of Commerce. In that year, according to a Chamber press release, he proposed the walk as a means to "maintain the glory of an industry who's name means glamour and excitement in the four corners of the world."
Where the original idea came from is not certain, however, the ceiling of the historic Hollywood Hotel once had stars painted on the ceiling with the names of celebrities, and that may have been a precursor of the idea to place stars on the sidewalk.
It wasn't until 1955 that the basic idea of the proposal was agreed upon, and the plans were submitted to the Los Angeles City council in January 1956.
It was not until August 15th 1958 that the first eight stars were unveiled on Hollywood Boulevard at Highland Avenue, and what a curious mixture of names. Olive Borden, Edward Sedgwick, Ernest Torrance,

Ronald Colman, Louise Fazenda, Preston Foster, Burt Lancaster, and Joanne Woodward.
On February 8th 1960 construction actually began on the long planned walk, and as mentioned in an earlier post, the first star to be laid on the new walk was director Stanley Kramer on March 28th 1960. By May 21st 1975, when Carol Burnett received her honour, a total of 99 stars had been laid on the walk. When constructed the walk was designed to accommodate 2.518 stars, by the 1990's, space in the most popular areas was getting difficult to find, to solve that problem a second row of stars was created.
On February 1st 1994, the walk was extended one block to the west of Sycamore to LaBrea on Hollywood Boulevard as part of the revitalization by the Los Angeles Community Redevelopment Agency. Thirty stars were added to the block to attract instant attraction, and Sophia Loren became the 2.000th star on the Walk of Fame.
Today, the Hollywood Chamber of Commerce continues to add stars to the Walk as a representative of the city of Los Angeles. An average of two stars are added on a monthly basis, so it looks like it is in very safe hands.