Overview
Movistar Arena is a 17,000-seat multi-purpose indoor arena in Santiago, Chile. It is located inside O'Higgins Park, in downtown Santiago. Its main structure was built in 1956, but it remained unfinished and without roof, the roof was installed in 2000.
Buyer Peter Hiller opened it on April 15, 2006 as Arena Santiago with a seat-capacity of 12,000. Telefónica's cell phone division Movistar bought the stadium's naming rights, changing its name on October 6, 2008, while also expanding its capacity by 5,000 seats. It is one of the largest multi-purpose arenas in South America, with a total surface is 44,000 m². An additional 3,000 seats can be placed over the court during concerts, boosting the total capacity to 17,000 seats.
History
The original building was designed and conceived by Mario Recordón in 1956 with the name "Metropolitan Indoor Stadium" to be the seat of the World Basketball Championship. However, funding was redirected to remodeling the Estadio Nacional de Chile, with a view to achieving the 1962 FIFA World Cup. The roofed stadium was left in total neglect.
From Wikipedia (CC BY-SA 4.0).