Argentina says it will build the tallest building in Latin America.
President Cristina Fernández says the 1,165-foot tower is expected to cost around $300 million and will serve as a center for the entertainment industry, including television and movies studios "Hollywood" style.
Architectural plans released Wednesday depict it as being in the shape of Argentina's map while an outdoor stadium for 15,000 people at ground level is shaped like the map of the Falkland Islands. The British territory in the South Atlantic is claimed by Argentina, which calls it Las Malvinas.
Fernandez says the building, which will be lit in the sky-blue and white colors of the national flag, is to be constructed on state lands with private funding. It will be located on Demarchi island in southern Buenos Aires overlooking the River Plate and is planned to rise higher than the 984-foot Costanera Center tower nearing completion in Santiago, Chile.