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The current Allianz Parque, the Palmeiras arena opened in 2014, was built over the old Antártica Park, with part of the original stands maintained. The stadium has 42,000 covered seats, an amphitheater for up to 18,000 people, a convention center, 160 boxes, 6 lounges and parking for over 2,000 vehicles. Palmeiras bought that land in 1920, with the help of Companhia Matarazzo. The first reform took place in 1933, with the construction of a general stand made of reinforced concrete and the social tribune for club members, and the stadium was renamed Stadium Palestra Itália, at the time.
