Statue of Liberty Congress officially renamed Bedloe's Island as Liberty Island, a change advocated by Bartholdi generations earlier. The act also mentioned the efforts to found an American Museum of Immigration on the island, which backers took as federal approval of the project, though the government was slow to grant funds for it. Nearby Ellis Island was made part of the Statue of Liberty National Monument by proclamation of President Lyndon Johnson in 1965. In 1972, the immigration museum, in the statue's base, was finally opened in a ceremony led by President Richard Nixon. The museum's backers never provided it with an endowment
Bavaria statue completely new inner circular stairway was built. In order to help finance the renovation work, replicas in various scales were made based on the one model which had been produced by Schwanthaler, the tip of the small finger, including one that could be used as a drinking vessel, as well as other objects of craftsmanship, all of which, as well as a publication, were sold. Work on the statue continued until the beginning of the Oktoberfest in September 2002. During the entire period of repair the statue was hidden under a scaffold, whose outside surfaces were made available for advertising.