As CityBeat first reported last Friday, the Agua Caliente Racetrack ad painted on the California Theatre downtown was in danger of being painted over and replaced with a beer advertisement.
The Save Our Heritage Oranisation, Art Fist Collective and concerned community members flooded the City Council offices with complaints, asking the city to consider the mural's historical significance and do what's colloquially known as the 45-year review.
The city just released an email saying that "in light of concerns raised by the public" the sign will not be repainted at this time. The city will complete a historical-resources research report, which will determine the historical significance of the sign.
Here's a link to the city's criteria for designating something as a historical resource.