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 1958 World Basketball Championship. However, funding was redirected to remodeling the National Stadium, with a view to achieving the 1962 World Cup. The roofed stadium was left in total neglect.
During the term of Eduardo Frei Ruiz-Tagle it was decided to complete it. The work was financed by Hiller Investments, which received a grant from the Ministry of Public Works with a 20-year lease.
Arena Santiago was symbolically opened on March 7, 2006 by then President Ricardo Lagos, and it was inaugurated on April 15 that year by his successor, Michelle Bachelet.
In 2008, managers signed a contract with portable phone company Movistar Chile for 16 years.
Read more about this topic: Movistar Arena
Famous quotes containing the word history:
“At present cats have more purchasing power and influence than the poor of this planet. Accidents of geography and colonial history should no longer determine who gets the fish.”
—Derek Wall (b. 1965)
“... that there is no other way,
That the history of creation proceeds according to
Stringent laws, and that things
Do get done in this way, but never the things
We set out to accomplish and wanted so desperately
To see come into being.”
—John Ashbery (b. 1927)
“Don’t give your opinions about Art and the Purpose of Life. They are of little interest and, anyway, you can’t express them. Don’t analyse yourself. Give the relevant facts and let your readers make their own judgments. Stick to your story. It is not the most important subject in history but it is one about which you are uniquely qualified to speak.”
—Evelyn Waugh (1903–1966)