The gigantic Metronome occupies a symbolic spot on the map of Prague. It was directly on this spot that a gigantic monument to Joseph Stalin overlooked the city. It was demolished by dynamite in 1962, many years after his death. The seven-ton Metronome was installed in 1991 and was meant to be a symbol of the new era. The area surrounding it is now a paradise for skateboarders.
Source: https://www.prague.eu/en/object/places/3003/metronome