Managua of a new cathedral located in another part of Managua. Restoration of the old cathedral has appeared to be possible. The Rubén Darío National Theatre is Nicaragua's most important theater, and is one of the most modern theaters in Central America. Both national and international artists present shows, concerts, exhibitions, and cultural performances such as El Güegüense among many others. The National Theatre is one of the few buildings that survived the 1972 earthquake that destroyed 90% of Managua. The National Palace is one of Managua's oldest buildings, undamaged by the 1972 earthquake. It was commissioned by President Juan Bautista
American Capital of Culture the OAS's countries). It has three major objectives: The initiative was devised and is promoted by the American Capital of Culture Organization, a body set up in 1997, with the objective of promoting the American Capital of Culture and other, complementary cultural initiatives, which help to use culture as a key element in the development of the countries of the Americas. Any territory of the countries of the American continent that wish to develop the objectives of the American Capital of Culture may apply to be chosen as American Capital of Culture. "Territory" is deemed to be any physical area