This is what is located on Hollywood Boulevard and Highland Avenue. It's the entrance to the Babylon Court, which replicates the 'Entrance to Babylon' from D.W. Griffith's classic black and white film Intolerance and is named in honor of it.
This structure houses the Kodak Theatre, the permanent home of the Academy Awards.
I live less than 10 minutes away and already all the traffic in our neighborhood is in serious jeopardy. As in shut down and you're doomed and good luck with driving and why don't you live in North Dakota where there is no traffic. Pray for me.