After three years of construction the stadium opened its gates on 19 May 1955. On opening former Nationalliga team 1. Wiener Neustädter SC used the stadium for their home matches.
The record attendance at the stadium was on 14 September 1963, when 12,000 people watched the match between SC Wiener Neustadt and Austria Wien and celebrated a surprise 1–0 home victory. Other highlights include the first leg of the Austrian Cup 1964–65 between SC Wiener Neustadt and LASK Linz and a match in the European Cup Winners' Cup 1965–66 against Romanian sides Ştiinţa Cluj on 1 September 1965. SV Admira Wiener Neustadt played at the stadium during the 1972–73 season.
During the 1980s, Stadion Wiener Neustadt was extensively modernized, including the installation of floodlights and the completion of the roofed main stand. The Austrian Supercup final was staged in the stadium in 1992. After SC Wiener Neustadt were relegated from the Austrian second division in 1995, no professional football was played in the stadium until 2008 when FC Magna Wiener Neustadt from nearby Oberwaltersdorf decided to play their home matches there.
During this move, the existing floodlight system was converted and adaptations were made for spectators (new bucket seats, service containers), players (cabin wing) and television (commentary booths, transmission facilities). The playing field received new turf and during football games, the speedway track was covered with artificial turf that was originally laid in Vienna's Ernst Happel Stadium for the 2008 European Football Championship. A total of 1.2 million euros were invested in the stadium in 2008.[5]
In 2017, the stadium was known as the Teddybären & Plüsch-Stadion for sponsorship reasons. In mid-March 2018, the municipal council of Wiener Neustadt unanimously decided to award the contract for a new stadium at a special meeting. The new stadium known as the Wiener Neustadt Arena opened on 28 September 2019.
Consequently, the Stadion Wiener Neustadt was no longer needed and was closed before being demolished on 23 April 2020. There are plans for 500 apartments to be built on the site.[1]