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
9.5 Valdivia earthquake
1960 Valdivia earthquake
Colo-Colo