# Pegasus neon sign
Landmark Pegasus Sign Atop Hotel Close to Falling Off
The historic Pegasus sign above the Magnolia Hotel is close to falling off.Zack Brame/Unsplash. The famous Pegasus sign sitting atop the downtown Magnolia Hotel is getting closer to falling off if it goes without repairs. The 15-ton sign is resting on a 90-year-old steel base, which has become so corroded that it could fall off the roof. Dallas News reports that the City Council approved nearly $358,000 to repair and stabilize the base, as well as replace missing neon lighting.