Downtown Dallas Pegasus Neon sign Magnet

If you were a child growing up in Dallas in the 50's, you could see this neon Pegasus illuminating the skyline. It was rotating atop the tallest building in town. Mobil Oil owned that building for their headquarters and they used the winged horse Pegasus as their logo. Originally, the building was owned by the Magnolia Petroleum Company and the Pegasus was erected in 1934. After a merger with Mobil, they kept the Mobil name and the Magnolia Pegasus. Over the years, the Pegasus became a symbol for the city of Dallas. Eventually Mobil moved out of the building, and in 1999 it became the Magnolia Hotel. By that point, the sign already had severe mechanical problems. in 1999, it was taken down for repair, but they found it's problems too extensive for a quick repair. In its place, a new Pegasus was placed atop the Hotel, and was first illuminated at midnight of the new millennium. Fast forward to 2015, the original Pegasus underwent a complete restoration. It can now be seen atop a replica oil derrick in front of the Omni Hotel downtown.