<P> On October 7, 2016, construction started on a new Statue of Liberty museum on Liberty Island . The new $70 million, 26,000 - square - foot (2,400 m) museum will be able to accommodate all of the island's visitors when it opens in 2019, as opposed to the current museum, which only 20% of the island's visitors can visit . The original torch will be relocated here, and in addition to exhibits relating to the statue's construction and history, there will be a theater where visitors can watch an aerial view of the statue . The museum, designed by FXFOWLE Architects, will integrate with the parkland around it . It is being funded privately by Diane von Fürstenberg, Michael Bloomberg, Jeff Bezos, Coca - Cola, NBCUniversal, the family of Laurence Tisch and Preston Robert Tisch, Mellody Hobson, and George Lucas . Von Fürstenberg heads the fundraising for the museum, and the project had garnered more than $40 million in fundraising as of groundbreaking . </P> <P> The statue is situated in Upper New York Bay on Liberty Island south of Ellis Island, which together comprise the Statue of Liberty National Monument . Both islands were ceded by New York to the federal government in 1800 . As agreed in an 1834 compact between New York and New Jersey that set the state border at the bay's midpoint, the original islands remain New York territory despite their location on the New Jersey side of the state line . Liberty Island is one of the islands that are part of the borough of Manhattan in New York . Land created by reclamation added to the 2.3 acres (0.93 ha) original island at Ellis Island is New Jersey territory . </P> <P> No charge is made for entrance to the national monument, but there is a cost for the ferry service that all visitors must use, as private boats may not dock at the island . A concession was granted in 2007 to Statue Cruises to operate the transportation and ticketing facilities, replacing Circle Line, which had operated the service since 1953 . The ferries, which depart from Liberty State Park in Jersey City and Battery Park in Lower Manhattan, also stop at Ellis Island when it is open to the public, making a combined trip possible . All ferry riders are subject to security screening, similar to airport procedures, prior to boarding . Visitors intending to enter the statue's base and pedestal must obtain a complimentary museum / pedestal ticket along with their ferry ticket . Those wishing to climb the staircase within the statue to the crown purchase a special ticket, which may be reserved up to a year in advance . A total of 240 people per day are permitted to ascend: ten per group, three groups per hour . Climbers may bring only medication and cameras--lockers are provided for other items--and must undergo a second security screening . </P> <P> There are several plaques and dedicatory tablets on or near the Statue of Liberty . </P>

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