In 1952, J. Amado Araneta purchased a 35-hectare property in Cubao. Araneta was once the wealthiest family in Asia. Araneta Coliseum was built in 1957 and finished by 1959. It was recognized as the World's Biggest Covered Coliseum until 1963. Today, Araneta Coliseum is the the biggest covered facility in Southeast Asia. Araneta Coliseum has a floor area of 2,300 sq. meters and 108 meter dome diameter and has up to 30,000 seat capacity.
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