I prefer the colors as well, but, I think it depends what you're going for. The "Tolerance" sign jumps out more in the B&W b/c of the big white area behind it separates it from the rest of the image. The eye goes right there, but then, nothing really takes my attention off of it. That said, I prefer the color because there's much more character to the scene than just the sign. It seems to bring out the modern balconies contrasting with the old style brick and the stack.