▁financial ▁district . ▁ ▁History ▁and ▁description ▁ ▁Origin ally ▁known ▁simply ▁as ▁" pla za ▁de ▁Az ca ", ▁the ▁square ▁was ▁renamed ▁to ▁" P la za ▁de ▁Pablo ▁Ru iz ▁Pic asso " ▁in ▁April ▁ 1 9 8 0 . ▁The ▁decision ▁was ▁approved ▁in ▁the ▁pl en ary ▁of ▁the ▁ay unt amiento ▁with ▁a ▁near ▁un anim ous ▁yes ▁vote . ▁So on ▁after , ▁the ▁municipal ▁architect ▁Jo aqu ín ▁R old án ▁r ushed ▁to ▁build ▁a ▁comm emor ative ▁mon ol ith ▁( fe aturing ▁the ▁signature ▁of ▁Pic asso ), ▁and ▁the ▁square ▁was ▁inaugur ated ▁on ▁ 3 1 ▁May ▁ 1 9 8 0 . ▁ ▁In ▁July ▁ 2 0 1 9 , ▁the ▁new ▁municipal ▁government ▁signed ▁an ▁agreement ▁with ▁Mer lin ▁Properties ▁seeking ▁to ▁improve ▁the ▁square ▁and ▁its ▁surr ound ings . ▁ ▁It ▁is ▁part ▁of ▁the ▁A Z CA ▁financial ▁district ▁( its elf ▁located ▁in ▁the ▁Cu atro ▁Cam inos ▁neighborhood ▁and ▁the ▁T etu án ▁administrative ▁district ). ▁It ▁has ▁a ▁direct ▁access ▁to ▁the ▁P ase o ▁de ▁la ▁Cast ell ana , ▁the ▁rest ▁of ▁links ▁to ▁the ▁neighbour ing ▁streets ▁involve ▁st airs , ▁ram ps ▁and ▁glo omy ▁under ground ▁pass ages . p . 4 ▁A ▁ma ze ▁of ▁under ground ▁roads ▁runs ▁below ▁the ▁square . ▁ ▁The ▁tree ▁population ▁compr ises ▁spec im ens ▁of ▁C ed rus ▁at lant ica , ▁C ed rus ▁de