As part of a wider plan to decentralise the population of Stockholm, this rural land was quickly transformed into the present modern suburb, inaugurated in 1954 in a ceremony attracting some 75,000 people. Vällingby was the first ABC City ("ABC-stad") — an acronym for "Arbete – Bostad – Centrum", "Labour – Housing – Centre"—a suburb that acted almost like a city, designed to offer its residents everything they needed. High above the modern structure, a rotating V-symbol placed the project on the map, while the shining T-symbol (for "tunnelbana", metro) proudly indicated the presence of the newly built Stockholm Metro. Shortly after the inauguration of the modern suburb, the number of inhabitants had reached 25,000.