The 72nd Columbus Day Parade will take over a portion of Fifth Avenue on Monday, commemorating the explorations of Christopher Columbus in 1492.

While there has been some controversy surrounding the holiday, the parade remains a large celebration of Italian-American culture in New York and the United States. 

Here are the details of Monday's event.

When: 11:30 a.m. to 3 p.m.

Where: Participants will march up Fifth Avenue from 44th Street to 72nd Street. There will be red carpet performances between 67th and 69th streets.

Who: Grand Marshal Robert LaPenta will lead the parade. It will include dozens of marching bands and floats, as well as hundreds of marchers, the Columbus Citizens Foundation said. 

LaPenta is the founder of Aston Capital Partners, a private investment company.

"Mr. LaPenta is a game changer in the world of business," said Angelo Vivolo, president of the Columbus Citizens Foundation. "His selection as grand marshal exemplifies the core purpose of the Columbus Day Parade – to celebrate the achievements, success and heritage of the Italian American."

Chef and host of ABC's "The Chew" Mario Batali and Lands' End CEO Federica Marchionni will join LaPenta as honorees, the foundation said.