Teatro Municipal de Valparaíso, Historic theatre in Valparaíso, Chile.

The Teatro Municipal de Valparaíso is an art deco theatre on Plaza O'Higgins in Valparaíso, Chile. Its building was designed by architect Spartaco Strappa and construction took a little over a year before it opened in 1931. The venue stages theatrical performances, concerts and musical events.

Designed by architect Spartaco Strappa in art deco style, the building was constructed in just over a year and opened on 16 July 1931 as Teatro Velarde, with the screening of the Spanish comedy Suegra para dos. The businessman Armando Velarde owned and ran it until 1979, when the Sociedad Cinematográfica Bio-Bío took over. By the early 1990s it showed film revues to small audiences; the Velarde family transferred it to the municipality on 28 October 1995, and it reopened under its new name on 21 September 1996 with a gala concert attended by President Eduardo Frei Ruiz-Tagle.

The venue hosts performances from local Chilean artists as well as visiting international performers, showcasing opera, dance, theater, and concerts. Visitors can experience the artistic traditions that remain active in this port city.

The theatre stands on Plaza O'Higgins, not at Uruguay and Pedro Montt. The building was taken over by the Municipality of Valparaíso on 28 October 1995, which then installed the seating during renovation works. It reopened under its current name on 21 September 1996 with a gala concert attended by President Eduardo Frei Ruiz-Tagle.

The theatre was inaugurated on 16 July 1931 with a screening of the Spanish comedy Suegra para dos, and it kept the name Teatro Velarde until 1996, when it passed to the Municipality of Valparaíso and reopened with a gala concert attended by President Eduardo Frei Ruiz-Tagle.