Access to the Green was restricted to local residents, until 1877, when Parliament passed an Act to reopen St Stephen's Green to the public, at the initiative of Sir A.E. Guinness, a member of the Guinness brewing family who lived at St Anne's Park, Raheny and at Ashford Castle. He later paid for the laying out of the Green in approximately its current form, which took place in 1880, and gave it to the Corporation, as representatives of the people. 

By way of thanks, the city commissioned a statue of him, which faces the College of Surgeons. 

His brother Edward lived at Iveagh House, which his descendants gave in 1939 to the Department of External Affairs (now the Department of Foreign Affairs). The park is now operated by the Office of Public Works (OPW) on behalf of the Irish state.