In 1956, club's president Antonio Labán acquired a 28 ha terrain at Macul, close to the intersection between Vicuña Mackenna and Departamental. The new stadium was originally planned with a capacity of 120,000. Due to the work's high cost and lack of a government subsidy the project was halted. In 1960, after Chile's successful proposition to hold the World Cup, several congressmen proposed to build a 52,000-seat stadium at Colo-Colo's site. However, the 9.5 Valdivia earthquake and a willingness from congress stopped the initiative.