The arena was used as the main venue of the 1967 edition of the FIBA World Cup,[1] for which it had a seating capacity of 18,000 spectators.

[1] Over the years, many artists performed at the arena, including Bob Dylan, The Mission, UB40, Van Halen, and Molotov.

On October 8, 2001, Eric Clapton performed at the arena, during his Reptile World Tour, and drew a crowd of 18,000 fans.

[2] On 21 October 2010, the Cilindro Municipal's roof fell down atop the inside structure because of a fire,[3] the source of which is unknown.

A work group started doing construction studies in the middle of December 2010, and in March 2011, the Intendencia of Montevideo announced that the damaged "Cilindro Municipal" would be replaced by a new "Olympic" stadium, with a cultural, as well as sportive scope of use.