Economy

NYC's 'Fearless Girl' Statue Will Stay Up For Another Year

NYC's 'Fearless Girl' Statue Will Stay Up For Another Year

New York City Mayor Bill de Blasio said the move was motivated in part by safety concerns.

The 4-foot bronze statue was originally installed by State Street Global Advisors, the financial services company, on the eve of International Women's Day in March 2017, with an aim to call attention to the role of women in corporate America.

The beloved statue quickly became iconic in her own right when was installed facing off against the powerful bull.

The statue was only supposed to be a temporary instillation, and has already been extended over a year longer than anticipated at her current home.

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Nevertheless, many are excited for Fearless Girl's new adventure.

"Fearless Girl" is getting a new home at the New York Stock Exchange.

"Our goal is to strengthen women's leadership, and the placement of it (the statue) near the NY stock exchange is actually the ideal metaforay", - said the President and chief Executive officer of State Street Kirus Tarapore.

She told CNNMoney: "Fearless Girl [will] continue to inspire the global community regarding gender collaboration in every aspect of life". The "Fearless Girl" statue was intentionally created to go vis-a-vis with the bull statue to demonstrate women's leadership.

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"Fearless Bull's sculptor, Arturo Di Modica, called the statue of the empowered girl an "advertising trick" not truly meant for women's empowerment". This new location will allow her to continue to be a symbol for equality and greater opportunities for women, while still standing up to the bull that too many women have to put up with.

Lori Heinel, deputy global chief investment officer for State Street Global Advisors, told CNN's Maggie Lake on Thursday that her company has been working with the city for a year to find a more permanent home for the statue.

"Works of art like Fearless Girl help challenge norms and expand and elevate conversations on important issues", said Council Member Van Bramer, Chair of the City Council's Committee on Cultural Affairs and Libraries.

"We are pleased by the city's decision to relocate the Fearless Girl from a busy intersection on lower Broadway to the Stock Exchange area", said Downtown Alliance President Jessica Lappin.

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However, a spokesman for the mayor's office, Eric Phillips, says the bull statue may also be moving.