The Tower was built between 1968 and 1972 and was ready in time for 1972 Summer Olympics. Its inauguration followed on 18 May 1973. The 101-metre building is located near the Olympic Village and is often cited as one of the most notable examples of architecture in Munich. The tower's exterior is supposed to mimic the shape of four cylinders in a car engine. This building was designed by the Austrian architect Karl Schwanzer.