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

The showdown between "Fearless Girl" and the "Charging Bull" is coming to a close.

The statue was installed near Wall Street in 2017 in honor of International Women's Day, and only had a temporary permit.

"This once again is an example of wealth and power taking precedence over what is right and fair", he added, citing the city's apparent consultations with both State Street and the New York Stock Exchange, which issued its own news release on Thursday welcoming the "Fearless Girl" statue.

More than 150 companies have added a woman to their boards since "Fearless Girl" was installed, according to recent reports.

"She is a powerful symbol of the need for change at the highest levels of corporate America-and she will become a durable part of our city's civic life", de Blasio said. And Arturo Di Modica, the sculptor of Charging Bull, wanted to see the girl removed altogether, claiming she turns his work into a negative symbol.

Whether or not they agreed with Di Modica's artistic concerns, others found it hard to get past what Ginia Bellafante called the statue's "false feminism" in a piece for The New York Times.

"We are proud to be home to the Fearless Girl". Countless young girls have posed beside the statue, or hugged it, or adorned it with pink pussy hats and Wonder Woman crowns.

At a press conference past year, Di Modica told reporters that "Fearless Girl" tarnished the positive message of the bull, which is "a better America and a better world".

Di Modica said he spent $350,000 and two years creating Charging Bull, which he placed on Wall Street without permission after the 1987 stock market crash to symbolize the United States' resilience.

She told CNNMoney: "Fearless Girl [will] continue to inspire the global community regarding gender collaboration in every aspect of life".

Fernando Luis Alvarez, the owner of a CT gallery where Di Modica shows his work, defended the bull as a symbol of optimism and said the meaning of the original had been distorted. The police at the time said it was a traffic obstruction; it was later moved to its current location.

He could not immediately be reached to comment on the possibility that "Charging Bull" may move.

State Street's investment arm, State Street Global Advisors, will work with the mayor's office to relocate Fearless Girl by the end of the year.