Although the details of the agreement — which was reached late Wednesday — are scarce, the city of Boston announced that Boston will indeed get to keep the iconic Citgo sign.

Debate on whether or not to keep the sign atop 660 Beacon St. was brought about by a Real estate purchase. Related Beal now owns the property atop which the sign sits and city residents felt threatened that the company had plans to tear it down. With the help of Boston Mayor Martin J Walsh, Related Beal and Citgo Petroleum Corp. have reached an agreement.

Related Beal is a Boston-based Real estate development firm whose current job is to revamp the Kenmore Square area. The long-term project proposals include new office buildings and apartment buildings to accommodate the city’s rising economic status and population.

“The Citgo sign has become an important part of the community and I am delighted that both sides were able to agree on terms that will allow the sign to stay where it is,” Walsh said in a Wednesday statement.

As a Boston moving company, our movers here at Mastodon Moving constantly drive past this iconic landmark and view it as something that makes this city unique and quirky. Landmarks like this one with a deep rooted history are what continue to convince people that Boston is really the place to be these days.

Interested in experiencing the Citgo sign and other landmarks first hand? Boston’s Real estate market is the best it’s been in years! Once you’ve found your home or apartment in the area, contact Mastodon Moving and we’ll make sure you get settled as fast as possible so you can go out an explore your new neighborhood.