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Ryerson University plans to re-mount the iconic Sam the Record Man signage in a new location. ((Andrew Stawicki/Canadian Press))

The iconic Sam the Record Man sign in downtown Toronto will be turned on one last time for the city's overnight Nuit Blanche festival.

For decades, two giant neon spinning records served as a beacon to music lovers shopping on Yonge Street.

But the legendary flagship store closed last year and the site is now owned by Ryerson University.

Ryerson says the sign will be lit Saturday in celebration of Nuit Blanche, an all-night art crawl held across a large swath of downtown Toronto.

The university plans to build a student learning centre on the site.

It says the sign, which consists of more than 800 lights, will be taken down beginning Monday and remounted in a new home on the Ryerson campus.