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The iconic piece of the Boston skyline that is the CITGO sign is goin’ nowhere!
Boston, CITGO and the host building signed an agreement Wednesday to keep the sign in place. Mayor Marty Walsh says the deal was reached after the city offered neutral space in City Hall for negotiations.
The fate of the sign has been in jeopardy since a New York-based developer bought the host building in October. The developer and CITGO had been in a stalemate over rent costs ever since.
"We are pleased to have reached a resolution where the sign will remain in place for decades to come," said Kimberly Sherman Stamler, president of developer Related Beal.
"This agreement ensures that the sign will continue to shine brightly for years to come," said Rick Esser, vice president of supply and marketing for CITGO.
The CITGO sign has been a part of the Boston skyline since 1940.