Chacao Municipality

Chacao Municipality Municipio Chacao
Municipality
Buildings in Chacao
Flag Seal Official brandmark
Chacao Municipality Location in Venezuela
Coordinates:10°30′29″N66°51′06″W
Country	Venezuela
State	Miranda
Founded	September 27, 1769
Incorporated	1991
Government
•Mayor	Gustavo Duque
Area
• Total	12 km2(5 sq mi)
Population (2001)
• Total	64,629
• Density	5,400/km2(14,000/sq mi)
Time zone	UTC−4(VET)
Area code(s)	0234
Website	Official website

Chacaois one of the five political and administrative subdivisions of the city ofCaracas,Venezuela.The other four areBaruta,El Hatillo,LibertadorandSucre.This legal entity is known as theCaracas Metropolitan District.Chacao is also one of the 21 municipalities that make up the State ofMiranda,Venezuela.

Geography

Chacao occupies the mid-eastern portion of the Caracas Valley, north of the Guaire River, bordering the other urban municipalities to the east, south and west, and theLa Guairastate to the north, including theAvila National Park.

Economy

Plaza Francia at Altamira neighborhood

Francisco de Miranda Avenue

Chacao, along with Baruta and Los Salias, is one of the communities with lowest poverty rates in Venezuela, with a poverty rate of only 4.67% according to the 2011 census. It is home to some of the city's major financial and shopping centres, such as Centro Ciudad Comercial Tamanaco (CCCT), Sambil Shopping Mall, Centro Lido, Centro San Ignacio, as well as branches and headquarters of major local banks, and foreign institutions, stock exchanges, the most luxurious hotels in the city, and the mansions of recognized personalities in the political and economic sphere.

Many of the city's shopping malls are located within Chacao's borders. The township also controls the most transited pedestrian access to the Avila National Park (Sabas Nieves), a popular destination forcaraqueños.Other attractions include a restaurant district in the neighbourhoods of La Castellana,AltamiraandLos Palos Grandes,a Centre for Performing Arts (CELARG) and theCentro Cultural Chacao,a public space dedicated to concerts, art expositions, and other cultural activities.Parque del Este,the biggest urban park in Caracas, although largely in neighbouringSucreterritory, has one of its main entrances in Chacao, making it a popular recreational and exercise area for the inhabitants ofLos Palos Grandesand other Chacao neighbourhoods.

The municipality has become a financial centre after many of the country's banks moved their headquarters to the formerly residential neighbourhood of El Rosal. The main street artery, Francisco de Miranda Avenue and its vicinity, rivals Caracas' old downtown in office space availability, and is preferred by foreign companies with established offices in the country. Some signature office buildings include Parque Cristal, Centro Letonia, HP Tower, Atlantic Building, La Castellana Center, Multicentro Empresarial del Este, Centro Lido,Centro San Ignacio,KPMG Tower, Forum Tower, Shell Tower, and other important architectural landmarks. Several other office buildings are occupied by government-controlled entities such as the Pequiven and Banco del Tesoro towers.

The traditional Venezuelan private sector has given way to new short-term businesses and franchises that bloom around the city thanks in part to soaring oil prices. Chacao is again an important player in this money wave craze, with commercial and residential real estate prices among the highest in the nation. The residential neighbourhood ofCampo Alegrehas on average the highest priced real estate in the country.

The headquarters ofEstalar Airlinesis inAltamira,Chacao.

Demographics

Altamira neighborhood

John Paul IIsquare

The Cathedral and Bolivar Square area, known asPueblo de Chacaowas home to Spanish, Italian and Portuguese immigrant waves, and today represents a middle class stronghold in the municipality. Small pockets of poverty, known asbarrios,are also present, some of the best known arePajaritosandEl Pedregalwhich are surrounded by luxury condos and opulent houses.

Law and government

Former mayorLeopoldo López Mendoza,elected in 2000 and re-elected for the 2004-2008 term, has played a prominent role in anti-Chávezpolitics over the past eight years. On November 23, 2008,Emilio Graterónwas elected mayor with 47,54% of vote.Chacao has represented a stronghold for the Venezuelan opposition. Anti-Chavez votes have steadily represented between 85 and 95% of the total votes in the borough, throughout the length of Chavez's administration.

The currentMinistry of Aquatic and Air Transporthas its headquarters in theTorre Pequiven.TheMinistry of Transport and Communicationspreviously had its headquarters in theTorre MTCin Chacao.TheJunta Investigadora de Accidentes de Aviación Civil,the Venezuelan aircraft accident investigation agency, had its headquarters in Chacao.

Mayors

Period	Mayor	% of votes	Political Party	Notes
1992-1995	Irene Sáez		Copei/Democratic Action	First Mayor
1995-1998	Irene Sáez		Copei / Democratic Action	Re elected
1998-2000	Cornelio Popesco		Democratic Action
2000-2004	Leopoldo López	51	Justice First
2004-2008	Leopoldo López	79,56	Justice First /A New Era	Re elected
2008-2013	Emilio Graterón	47,54	Popular Will
2013-2017	Ramón Muchacho	84,63	Justice First
2017	Gustavo Duque			Appointed by the municipal council of Chacao
2017-2021	Gustavo Duque	63,66	A New Era

History

Chacaito at the end of the 19th century

Sambil Mall

In Cumanagoto languageChakau(Chacao) meanssand,the municipality was named after the IndianCaciqueChacao,who died defending his territory in 1567, the year when the city ofSantiago de León de Caracaswas finally established after more than three decades of unsuccessful attempts by the Spanish. The chosen location for CaracasPlaza Mayorand Cathedral was on the west side of the valley, making the fertile lands of Chacao (on the mid-east side) an ideal location for agricultural crops and establishment ofhaciendas.SpanishconquistadorDiego de Losada,founder of the city of Caracas, included these lands in his jurisdiction.

The township of Chacao was founded by an immigration wave of theSan Bernabéearthquake victims on June 11, 1641. It was officially made a Catholic parish with the foundation of San José de Chacao church.

After repeated epidemics and calamities affected Caracas, the Town Hall and the Governor and Commander in chief of the Province,Jose Solano y Bote,in 1764 thought about transferring the entire city to this location, an idea that was rejected by Caracas Bishop Mauro Tovar.

On April 15, 1769, the residents of Chacao asked for the creation of an independent ecclesiastical parish, Lieutenant Francisco Palacios y Sojo made the request, after evaluating the economic conditions. The final separation of Chacao from the Parish ofLa Candelariawas granted on September 27, 1769.

See also

• Miranda State
• Caracas
• Municipality
• Venezuelan Capital District

External links

• Official Chacao Municipality website