The land which the arena occupies was originally owned by
Club Atlético Atlanta until 1991 when the club was forced to sell the property due to
bankruptcy. It was later acquired by a company that remained closed for over fifteen years, leading to a state of
abandonment. In 2005, the property was expropriated by the Government of the City of Buenos Aires and re-concessioned to the football club. Construction of the stadium commenced in 2014 under the management of the company Lugones Center. However, due to insufficient funds, the project was suspended in 2015, leaving the half-finished concrete structure abandoned. In late 2017, the project was resumed by Buenos Aires Arena S.A., a specialized corporate venture in order to finish the project. The international firm
ASM Global was contracted as its operator due to their experience and expertise in event service delivery. The arena had its grand opening on 1 November 2019 with a concert by
Tini as part of her
Quiero Volver Tour. The event featured special guest performances by
Karina and
Luis Fonsi. The concert was broadcast live on Movistar Play, the social networks of Movistar Argentina, and TNcom. == Transport ==