Dallas, Texas, December 30, 2025
The Pegasus sign in Dallas, originally installed in 1934, remains a celebrated symbol of the city’s heritage and progress. Following major restorations and repairs, it now stands proudly at the Omni Hotel, representing both historic value and the evolution of Dallas. The recent $360,000 repair highlights the city’s commitment to preserving this iconic landmark, which continues to inspire residents and visitors alike.
Dallas’ Iconic Pegasus Sign: A Legacy of Heritage and Transformation
Dallas, Texas – The red Pegasus sign, a symbol of Dallas’ heritage and progress, continues to shine brightly in the city’s skyline. Originally installed in 1934 atop the Magnolia Petroleum Company’s headquarters, the sign has undergone significant transformations, reflecting both the city’s evolution and its commitment to preserving historical landmarks.
Origins and Significance
The Pegasus sign was first erected in 1934 on the roof of the Magnolia Petroleum Company headquarters, marking it as Dallas’ first skyscraper. Manufactured by Texlite Signs in Dallas, the sign became one of the city’s most enduring and recognizable landmarks. In 1959, when Mobil Oil merged with Magnolia Petroleum, the Pegasus sign became the logo of Mobil Oil. The city conferred landmark status to the sign in 1973, and in 1976, it became the property of the City of Dallas. In 1978, the Magnolia Building was listed in the National Register of Historic Places. Developers bought the building in 1997 and converted it to the present-day Magnolia Hotel. In 1999, in anticipation of Dallas’s Millennium Celebration, the original sign was taken down and put into storage when a new sign was commissioned. A completely new, fully-rotating sign was lit for the first time at midnight on 1 January 2000. This work was accessioned into the Public Art Collection in 2000.
Restoration and Relocation
In the spring of 2015, after a two-year restoration project, the original Pegasus sign was installed on City of Dallas Property in front of the Omni Hotel at 555 S. Lamar Street (the corner of Lamar and Young Streets). The restored sign rotates on top of a twenty-two-foot-high oil derrick.
Recent Developments
In 2022, the Pegasus sign atop the Magnolia Hotel underwent a $360,000 repair to prevent it from toppling over. The nearly 90-year-old steel base for the 15-ton sign was so corroded that it could fall off the roof, city officials warned.
Current Status
Today, the Pegasus sign remains a cherished symbol of Dallas, embodying the city’s rich history and its ongoing commitment to preserving its iconic landmarks. Its presence continues to inspire both residents and visitors, serving as a testament to Dallas’ resilience and enduring spirit.
FAQ
What is the significance of the Pegasus sign in Dallas?
The Pegasus sign, first erected in 1934 atop the Magnolia Petroleum Company’s headquarters, has become one of Dallas’ most enduring and recognizable landmarks. It symbolizes the city’s heritage and progress.
When was the original Pegasus sign restored and relocated?
The original Pegasus sign was restored and relocated in the spring of 2015. It was installed in front of the Omni Hotel at 555 S. Lamar Street, where it continues to rotate atop a 22-foot-high oil derrick.
What recent repairs have been made to the Pegasus sign?
In 2022, the Pegasus sign atop the Magnolia Hotel underwent a $360,000 repair to prevent it from toppling over. The nearly 90-year-old steel base for the 15-ton sign was so corroded that it could fall off the roof, city officials warned.
Key Features of the Pegasus Sign
| Feature | Description |
|---|---|
| Original Installation | 1934 atop the Magnolia Petroleum Company’s headquarters, Dallas’ first skyscraper. |
| Design | Manufactured by Texlite Signs in Dallas, the sign became one of the city’s most enduring and recognizable landmarks. |
| Restoration and Relocation | In the spring of 2015, after a two-year restoration project, the original Pegasus sign was installed on City of Dallas Property in front of the Omni Hotel at 555 S. Lamar Street (the corner of Lamar and Young Streets). The restored sign rotates on top of a twenty-two-foot-high oil derrick. |
| Recent Repairs | In 2022, the Pegasus sign atop the Magnolia Hotel underwent a $360,000 repair to prevent it from toppling over. The nearly 90-year-old steel base for the 15-ton sign was so corroded that it could fall off the roof, city officials warned. |
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Author: STAFF HERE DALLAS WRITER
The DALLAS STAFF WRITER represents the experienced team at HEREDallas.com, your go-to source for actionable local news and information in Dallas, Dallas County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the State Fair of Texas, Deep Ellum Arts Festival, and Dallas International Film Festival. Our coverage extends to key organizations like the Dallas Regional Chamber and United Way of Metropolitan Dallas, plus leading businesses in telecommunications, aviation, and semiconductors that power the local economy such as AT&T, Southwest Airlines, and Texas Instruments. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
