What may not be obvious, and I do not point this out in my article, is that this design is not under serious consideration at the moment. To the best of my knowledge, no one from the state or the Old Man of the Mountain Legacy Fund has talked seriously with the Architect about his design... despite it winning 2 awards (one from a New Jersey architectural association, and one in New Hampshire) for best "unbuilt project". This lack of consideration, in and of itself, is a bit of an interesting story that I would love to explore if I had more time. Apparently a state senator also proposed a statue-esque replica (in copper, I believe) soon after the collapse and was similarly Tar and Feathered for his idea.
Further adding to the story is the fact that, again to my knowledge, there has been no economic study done to determine the impact (if any) the demise of this attraction and state symbol has had.
Anyway, the design that IS being considered, and I think may already have some funding, is a monument at the base of the mountain that involves several monoliths that when viewed at the right angle approximate the original Old Man. You can get more info at their site here: Old Man of the Mountain Legacy Fund
I'm honestly not sure how I personally feel about any of these ideas. I do sympathize with the local businesses who claim they are hurting in the wake of its collapse. Doing something to bring visitor dollars back isn't such a bad thing is it? And the geek in me can't help but get excited when I see plans for a project like the glass sculpture - I see that as much more Statue of Liberty-ish and Mt. Rushmore-ish in scope than that of just a statue or replica. It is cool, if you ask me. And I also do not buy into the "this was natural and so you can't replace it with something man made" argument all that much. As some have pointed out, the 'natural' Old Man was being held together by cables and epoxy for some time now.
But still, the outdoorsman and naturalist in me has hard time budging from my original conclusion about this area... It might just be time to move on. Fascinating issue regardless.