Dr. Dre, Jimmy Iovine to Launch What Could Be 'the Coolest High School in America’

Rap icon Dr. Dre and music industry mogul Jimmy Iovine are teaming up on a new public high school project in Los Angeles.

The two billionaires said they would do and spend whatever is necessary to make the school, which will be in South L.A., a place that will motivate L.A. students to be critical thinkers, entrepreneurs and innovators.

Regional High School No. 1, as it's known for now, will be located at Audubon Middle School in Leimert Park.

The new school will be a "magnet," meaning that students can apply from across the sprawling district. Transportation will be provided for those outside the local area. The school is among 10 magnets that educators approved last week.

L.A. schools Supt. Austin Beutner said the Dr. Dre-Iovine effort could create "the coolest high school in America."

The high school will incorporate high-tech equipment and projects with private industry. A task could have something to do with music or incorporate an element of music. But, Iovine said, this is no music school or Hip Hop High.