In 1970, a majority vote approved the bill presented by Mayor Araya Cuadra to build a theater located across the rear of the Plaza Almirante Latorre. The work was carried out with the grant of a loan by the Ministry of Housing and Urban Development in the amount of $500,000. Such funding would not satisfy the completion of the project, and work stopped in 1972 pending the granting of a loan extension that failed to materialize by the time of the coup of the Armed Forces of September 11th of 1973.