The town was founded on the banks of the riverOglio. The first references to the name "Palazzolo" date to 830 AD. Palazzolo was a fundamental industrial centre of Italy at the end of the 19th century (Marzoli, Lanfranchi, Italcementi, Ferrari) and the city was known as the small Italian Manchester.[citation needed] On 24 August 1954, the town was celebrated as a city with a presidential decree. TheTower of the People, the symbol of the city, was built between 1813 and 1830 and today is the highest round tower in Italy, 85 metres high and 7 metres of statue on top. The Roman bridge, in the city centre, is the oldest building of Palazzolo, dating back to the 4th century.
From Palazzolo, it is very easy to get to the main cities and towns throughout Italy. The train station is not far from the centre and operates on theBergamo–Brescia railway.Milan andVenice can be reached by train changing inBergamo or inBrescia. TheA4 motorway, an important Italian route, has an exit called Palazzolo, which is actually in the north of the town. The nearest International Airport isOrio al Serio International Airport, just 15 minutes by car.
Founded in 1913, the football association for the town isAssociazione Calcio Palazzolo (Palazzolo Football Association).[citation needed] They play in the local stadium,Stadio Comunale, which holds up to 4,500 people.