‘Penny Lane’ was kind of nostalgic, but it was really a place that John and I knew; it was actually a bus terminus. I’d get a bus to his house and I’d have to change at Penny Lane, or the same with him to me, so we often hung out at that terminus, like a roundabout. It was a place that we both knew, and so we both knew the things that turned up in the story.
– Paul McCartney, discussing “Penny Lane” in 2009
Penny Lane is a street in Liverpool that McCartney and Lennon both frequented regularly. It resulted in a song being written after the street – Penny Lane was released in February 1967.
In 2004, Rolling Stone ranked Penny Lane at number 456 on its list of the 500 Greatest Songs Of All Time.
As a result of the song, the street sign was a constant target of tourist theft and had to be continually replaced. Eventually, the council gave up and began painting the street name on the sides of buildings.
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