The opening ceremony held in 1903 featured important guests, such as mayor Federico Elguera, who delivered a speech to the packed tribunes, and María Diez Canseco de Benavides (the "godmother" of the ceremony), who broke a Champagne bottle with a hammer to baptise the building as part of the event. Also attending was the diplomatic corps resident in Lima, as well as other government officials.[2]
After president Augusto B. Leguía—who had granted territory to the racecourse during his presidency—was ousted from power, the 2,400 m racetrack was reduced to its original 1,600 m length. The city's growth determined the racecourse's fate, with Enrique Ayulo Pardo [es], then president of the LJC, managing to reach a deal with then president Óscar R. Benavides, where a new racecourse would occupy another territory under the terms of the original lease, while the territories granted for the first hippodrome's construction would be returned to the club.[1][3]