The Boston skyline’s iconic CITGO sign will soon be moved and reconstructed as part of the final phase of the One Kenmore Square redevelopment on Beacon Street, project and company leadership who brokered a deal to restore it said.

The sign, a fixture of the city’s skyline for more than 60 years, is being repositioned 30 feet higher and 120 feet to the east to restore the original viewshed corridor, ensuring that it will remain a landmark that has become synonymous with the final stretch of the Boston Marathon, Red Sox games and Kenmore Square.

“The CITGO sign has become one of the most recognizable symbols of the city of Boston,” Karl Schmidt, vice president of supply and marketing at CITGO Petroleum, said Thursday at a press conference on the top floor of 660 Beacon St., as the decades

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