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Plaza de Armas occupies the exact site where the Inca emperor Pachacuti laid out Huacaypata, the ceremonial core of the empire. The square is framed by stone arcades, the Cusco Cathedral on its northeast side, and the Jesuit Iglesia de la Compania de Jesus on its southeast corner. Two flags fly here permanently - the red-and-white Peruvian national flag and the rainbow-striped Wiphala representing Andean indigenous peoples. The plaza operates as Cusco's living room: schoolchildren cross it on their way to class, tour groups gather at its fountain, and protest marches occasionally fill its cobblestones.
No ticket is needed to enjoy the plaza itself. Restaurants and cafes line the arcades on all sides, though prices here run 30-50% higher than a few blocks away. The square is worth visiting twice - once during the day to appreciate the architecture and mountain backdrop, and again after dark when the Cathedral and surrounding buildings are lit up. On Sundays, a military flag-lowering ceremony takes place in the late afternoon.
Pro Tip: The second-floor balcony restaurants overlooking the plaza charge a premium for the view, but ordering just a coffee or pisco sour and sitting for an hour is a legitimate option - and one of the best ways to watch the city move.