Miss Liberty Facelift Is Into ‘Home Stretch’

Half the work is done and much of the money has been raised to restore the Statue of Liberty to its former glory as the project heads into the “home stretch,” a leader of the restoration effort said Wednesday.

Lee A. Iaccoca, chairman of the Chrysler Corp. and head of the Statue of Liberty-Ellis Island Foundation, said that $170 million has been raised in the last three years to restore both the Lady of the Harbor and Ellis Island.

But he said that at least $60 million more--and perhaps as much as $95 million--is still needed. Iacocca said the project may end up costing $265 million.