In the 1950s, the Romanian communist government planned to demolish the column and turn it into scrap metal, but this plan was never executed. After the Romanian Revolution of 1989 and the fall of the Communist regime, there was renewed interest in restoring the column, which by that time suffered from tilting, cracking, metal corrosion, and an unstable foundation. For these reasons the site was listed in the 1996 World Monuments Watch by the World Monuments Fund. The restoration was facilitated by the Fund, which organized meetings for the stakeholders in 1998 and provided funding through American Express. Subsequently, the site was restored between 1998 and 2000 through a collaborative effort of the Romanian Government, the World Monuments Fund, the World Bank, and other Romanian and international groups.