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New York City finalizing plans to move Wall Street's 'Charging Bull' statue

New York City says it's finalizing plans to relocate Wall Street's famous "Charging Bull" statue.

Bull will be placed somewhere near the New York Stock Exchange

The Charging Bull statue, also known as the Wall St. Bull, is seen in the financial district of New York City. City authorities said they are moving the statue 'to protect the safety of New Yorkers.' (Brendan McDermid/Reuters)

New York City says it's finalizing plans to relocate Wall Street's famous "Charging Bull" statue.

A spokeswoman for Democratic Mayor Bill de Blasio told The Wall Street Journal that the bull will be placed in a new location somewhere near the New York Stock Exchange.

Jane Meyer says the move is being made "to protect the safety of New Yorkers."

Last month, climate protesters doused the bull with fake blood. In September, a man bashed it with a toy metal banjo.

Environmental activists Extinction Rebellion rally for action against climate change in New York City by covering the Wall Street Bull in fake blood on October 7. (Drew Angerer/Getty Images)

The sculptor, Arturo Di Modica, opposes moving the bull from its home on a traffic island.

In 2017, State Street Global Advisors commissioned another bronze sculpture, "Fearless Girl," to face the bull. It was relocated last December to a spot outside the stock exchange after officials cited traffic hazards.