Construction of this centrally-located stadium in Banská Bystrica (part Štiavničky) was launched in 1957 and lasted two years. Opened was 22 August 1959 with capacity of almost 15.000 spectators.
In 2018 began reconstruction of the stadium to meet IIAF and UEFA 3 stars criteria. Original capacity was decreased to 7,381 spectators (all-seated). The estimated cost of €14.1 million[5] was paid by Slovak government. The stadium is owned by Ministry of Defence Slovak Republic.