They're also planning to paint the Taylor Square pedestrian crossing the colours of the gay flag, as depicted here (the building is in the background):
The City of Sydney plans to spend $75,000 painting the Gay Pride colours across two busy Oxford Street intersections to recognise the precinct's cultural status.
Under the plan, endorsed unanimously by the City of Sydney council on Monday night, rainbows will span signal-controlled pedestrian crossings at Taylor Square and Whitlam Square, in time for the 35th Mardi Gras in February. The move, proposed by the lord mayor, Clover Moore, is modelled on a similar initiative in West Hollywood this year.
The crossings will be installed on a trial basis, which, if successful, could become a "permanent, visual acknowledgement of the significance of Oxford Street to the [gay, lesbian, bisexual and transgender] community", Cr Moore said in a minute. Read more