Portland city leaders are keeping an optimistic outlook about downtown’s ability to bounce back economically after U.S. Bank announced it would be departing from the iconic “Big Pink” tower after more than 40 years.

The rose gold-colored U.S. Bancorp Tower itself will remain in its place as that unmissable shimmering skyscraper that greets commuters as they enter the central city via Burnside Bridge. The mayor’s office said it has supported a business, LegitScript, moving into the building.