Dropping the Ball on New Year's Eve in West Hollywood?

At Tuesday evening's West Hollywood City Council meeting, Councilman John Duran spoke of how New York has the ball dropping in Times Square as its iconic New Year's Eve event and other cities have other events, but Southern California really doesn't.

He suggested that West Hollywood could not only be the nexus for Gay Pride weekend and Halloween, but for New Year's Eve (and Mardis Gras too).

This, of course, would be just one more reason to extend Metrorail to West Hollywood.

What should this iconic Southern California New Year's Eve stroke at midnight event in West Hollywood be?

Any suggestions?