Report Claims , the Eiffel Tower , Is Rusting and in Need of Repair. According to confidential reports, the Eiffel Tower is covered in rust and is in need of full repairs. . However, Fox reports that the world famous landmark will instead receive a $61 million cosmetic paint job ahead of the 2024 Olympic Games. Confidential reports of the tower's state of disrepair were first cited by French magazine 'Marianne.' . The impressive 1,000+ foot tall tower was built by Gustave Eiffel in the late 19th century. . It is one of the world's most-visited tourist sites. Approximately six million people come to see the Eiffel Tower each year. . According to confidential reports by experts, the monument is now riddled with rust and in poor condition. . It is simple, if Gustave Eiffel visited the place he would have a heart attack, Anonymous Eiffel Tower manager, via Fox. Fox reports that the tower is currently undergoing its 20th repainting. The project reportedly costs over $61 million. . The Societe d'Exploitation de la Tour Eiffel (SETE), which manages the tower, is reportedly reluctant to greenlight repairs because of the tourist revenue that would be lost.