The reconstruction of the old gallery sector is the largest social and economic renewal project in the city. Since the early 1980s there were calls in Pereira for urban renewal in this deteriorated area. This resulted in the development of what is now Ciudad Victoria, which has varied public spaces, among which is the Plaza de Bolivar. Located opposite the Cathedral of Our Lady of Poverty, it is famous for its Naked Bolivar monument. The area is the main center of commercial and financial activities of the city, as well as a meeting place for its inhabitants.