The Toronto Sign is staying put announced Mayor John Tory earlier today. The popular fixture in front of City Hall was thought to be on the move from Nathan Phillips square next year but now it's staying where it is - at least until the end of 2016.

The announcement came on the same day that City Hall turned 50 (Here's what it almost looked like).

And on this special day, I'm proud to announce that our beloved #TORONTOsign will be staying at @npstoronto. #topoli pic.twitter.com/MevThPxkZH

— John Tory (@JohnTory) September 13, 2015

The waterfront, Riverdale Park and Union Station were some of the suggestions floated when the city previously debated where the sign should go to next. Now, Tory says it will be less costly to keep the sign where it currently sits. He also said the city is toying with the idea of having smaller versions of the sign built and that those signs could ultimately be placed around Toronto.

Is leaving the Toronto Sign at Nathan Phillips Square the right move? Let us know in the comments.

Photo by Andrei P in the blogTO Flickr pool.