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
Managua Somoza García and his family (1936–1979), the city was rebuilt and began to grow rapidly. New government buildings were erected, industry developed, and universities were established. The city's development caught the attention of Irving Fields and Albert Gamse, who composed a musical piece about the city that became popular in the 1940s through the performances of Freddy Martin, Guy Lombardo and Kay Kyser. Managua had become Central America's most developed city. Today's references differentiate the pre-1970s Managua by labeling it as "La Antigua Ciudad," which in English translates to "The Ancient City" or "The Old City". Managua's progress came to