ABC News' Will Cantine reports:
Woodside, Calif., is one of the wealthiest communities in the country, and the owner of a unique dating site wants to take advantage of its rich history by offering the town $11.65 million to change its name - to SugarDaddie.com, USA.
The fee might be small change for some of residents of Woodside, which is located just north of Silicon Valley and includes people like Larry Ellison, CEO of Oracle, actress Michelle Pfeiffer and rock singer Neil Young.
The dating website, which touts itself as creating love connections between doctors, lawyers and other professionals, is celebrating its 10th anniversary and Sugardaddie.com CEO Steven Pasternack is looking to make his presence known.
"We thought it would be a great way to get the word out about our 10 year anniversary, and to be a permanent part of the rich history of California," he said.
The stipulations of the town's name change to Sugadaddie.com include erecting a statue of Playboy icon Hugh Hefner near the town hall, renaming Woodside Public Library as "SugarDaddie Public Library," changing the Woodside Community Council to the SugarDaddie Community Council.
Woodside resident and store owner Bill Schneider says he's open to the idea.
"Sure, give it a shot," he said to ABC News affiliate KGO-TV. "We have Woodside Road, so we can have a different name for the town."
The Woodside town manager Kevin Bryant does not expect the $11.65 million offer to be a serious topic of discussion at the next Town Council meeting, but Pasternack says he is determined to rename a town somewhere.
"If we can't get a favorable outcome with the folks in Woodside, California, we're looking into other cities," he said. "We are hell bent on creating the first dating site-sponsored city in America."