Bill Cosby's star on Hollywood Walk of Fame to stay

(FOX NEWS) - Disgraced comedian Bill Cosby's star on the Hollywood Walk of Fame will not be removed. 

According to a statement by the Hollywood Chamber of Commerce, "The Hollywood Walk of Fame is a historical record of entertainment figures past and present."

"Once installed, the stars become part of the historic fabric of the Walk of Fame, a 'designated historic cultural landmark,' and are intended to be permanent," the statement continued. "The stars only commemorate the recipient’s professional accomplishments."

The statement went on to say that it is "regrettable when the personal lives of inductees do not measure up to public standards and expectations; however, the Hollywood Chamber of Commerce does not remove stars from the Walk of Fame."

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