Teatro La Perla is a historic theater located in the southern town of Ponce. Inaugurated in 1864, it is the second oldest theater of its kind in Puerto Rico, but "the largest and most historic in the Spanish-speaking Caribbean." The theater has a seating capacity of 1,047 and it is now a regular venue for concerts, opera, plays, and various civic and educational activities such as school graduations. The lobby of the theater has a small museum dedicated to the history of the building and past shows.