The capacity has changed frequently, peaking at 32,989 in a 0–0 draw between Santos and Corinthians for the 1964 Campeonato Paulista. Since then, there have been a number of reductions due to modernizations. The last change was a new illumination system being installed on 27 January 1998, with an illumnination level of 1200 lux, more than the FIFA minimum recommendation. The Vila Belmiro was one of the venues of the 1949 Copa América, hosted the 1962 Copa Libertadores final and the 1998 Copa CONMEBOL final. It has also hosted a Copa do Brasil final in 2010. Due to its relative-low capacity, Santos has used other stadiums for high-profile matches such as the Estádio Palestra Itália, Pacaembu and Morumbi, all located in São Paulo, and the Maracanã in Rio de Janeiro. Current Santos President Luis Alvaro Ribeiro and other club directors are agreeing on building a stadium in a city nearby Santos called Cubatao, a stadium for 40,000 people which would become Santos' home field for almost 70% of the games during the season which would increase the team's profit.