The site originally had a Neo Renaissance Style house which was destroyed during the bombing of 1945. The Czech Ex-President Vaclav Havel ordered the study for rebuilding of the demolished house. Architect Vlado Milunic first invited Jean Nouvel for the project but he rejected due to the small scale of the project. He then invited Frank Gehry who took this challenging project. Since he had unlimited budget because the involvement of dutch bank ING, they wanted this to be an iconic project in Prague. Its construction started in 1994 and finished in 1996. In 2005 the Czech National Bank issued a gold coin with the motif of the Dancing House, as the final coin of the series "10 Centuries of Architecture."