Statue of Liberty and about two percent of the exterior plates needed to be replaced. Although problems with the armature had been recognized as early as 1936, when cast iron replacements for some of the bars had been installed, much of the corrosion had been hidden by layers of paint applied over the years. In May 1982, President Ronald Reagan announced the formation of the Statue of Liberty–Ellis Island Centennial Commission, led by Chrysler Corporation chair Lee Iacocca, to raise the funds needed to complete the work. Through its fundraising arm, the Statue of Liberty–Ellis Island Foundation, Inc., the group raised more than
Replicas of the Statue of Liberty restoration, it was placed on a pedestal near Liberty Park Halls of Residence on a traffic island, "Liberty Circus", close to where it originally stood. A replica is in the stairwell of a bowling alley building in Warrington, England. It used to be above the entrance of a restaurant nearby. There is also a small replica located at RAF Lakenheath, England, at the base flag plaza, made from leftover copper from the original. In Coquitlam, British Columbia a small replica stands on Delestre Avenue just east of North Road. In Buenos Aires there is a small iron replica in Barrancas