A big fight is brewing over Boston’s iconic Citgo sign
Like so many real estate disputes, this one involves a longtime tenant and a new landlord who wants to jack up the rent.
But in this case, the tenant is the iconic Citgo sign — or, more precisely, the Venezuelan-owned oil company that leases the rooftop at 660 Beacon St., where the neon landmark sits. And the landlord is Related Beal, the New York developer that bought the building in October.
The two are locked in a stalemate over how much Citgo Petroleum Corp. should pay to rent the perch for a sign that serves as a backdrop to Fenway Park and as a beacon as runners near the Boston Marathon’s finish line. Citgo’s lease is set to expire just days before the Red Sox home opener.
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