It would cost up to €200 million.[32]
In December 2015, a group of European architects announced plans to build a modern Colossus bestriding two piers at the harbour entrance, despite a preponderance of evidence and scholarly opinion that the original monument could not have stood there.[10][11] The new statue, 150 metres (490 ft) tall (five times the height of the original), would cost an estimated US$283 million, funded by private donations and crowdsourcing.[11] The statue would include a cultural centre, a library, an exhibition hall, and a lighthouse, all powered by solar panels.[11] As of October 2018[update], no such plans have been carried out and the website for the project is offline.[33]