President Obama is preparing to designate the Stonewall Inn in New York's Greenwich Village as a U.S. National Monument, according to the Associated Press.
The Inn was the site of the 1969 Stonewall Riots commonly thought to have sparked the modern LGBT rights movement. It would be the first monument designation of a New York location on the basis of its place in the history of gay civil rights.
It would also place the gay bar under the administration of the U.S. National Park Service or one of its allied federal agencies.
Stonewall, located on Christopher Street in Sheridan Square, received official landmark status from the New York City Landmarks Preservation Commission in June 2015.
The AP credited two unnamed individuals familiar with the administration's plans.
The bar has hosted theatre-related cabaret acts and parties, and was itself the subject of a 2012 play, Hit the Wall, by Ike Hotter, produced at Barrow Street Theatre, just a few blocks from the Stonewall Inn.
The story of the 1969 riots has been told in two films, both titled Stonewall, one produced in 1995, the other in 2015.
An announcement of the designation could come on or before June 1, the start of the annual Lesbian, Gay, Bisexual and Transgender Pride Month in the U.S.