Arthur Wellesley took the title of his Marquessate in 1809 from this town of Wellington. Nearby Wellington Hill boasts a large, spotlit obelisk to his honour. The Wellington Monument is a floodlit high triangular tower designated by English Heritage as a grade II* listed building. It was erected to celebrate the Duke of Wellington's victory at the Battle of Waterloo. The foundation stone was laid in 1817 on land belonging to the Duke but, owing to funding problems, the monument was not completed until 1854. It is now owned by the National Trust who announced plans to reclad the monument at a cost of £4 million in 2009.