An agreement has been reached that will ensure that the landmark Citgo sign remains in Boston's Kenmore Square.
Mayor Marty Walsh announced this afternoon that a deal has been reached between new building owner Related Beal and Citgo to keep the 3,600-square-foot sign in place.
Walsh said he met with both parties on Tuesday and offered space in City Hall as a neutral negotiation location. The agreement was reached today.
A Citgo sign has been part of Boston's skyline since 1940. The current sign atop 660 Beacon St. dates to 1965 and is visible over the famed left field wall at nearby Fenway Park.
Boston University agreed last summer to sell the building that houses the sign to Related Beal, a local development firm. Terms of that deal have not been disclosed.
Prior to the sale of the building, there had been concerns that new owners might decide to remove the sign.
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