It is the home arena for the American Hockey League's Coachella Valley Firebirds, and is a primary venue for events in the Greater Palm Springs area.

The venue's namesake is the eponoymous financial technology and insurance company Acrisure, which purchased the naming rights for an undisclosed amount over a 10-year lease.

[6] Groundbreaking and construction on the arena was expected to begin in February 2020, with completion by fall 2021, but was put on hold due to the COVID-19 pandemic and the resulting ban on large gatherings including concerts and sporting events.

and Frances C. Berger Foundation[10] announced they had chosen a new location for the arena in the middle of the Coachella Valley in unincorporated Thousand Palms, California, but it would not open until at least 2022.

[15] According to OVG president Tim Leiweke, the arena's location between Los Angeles, Las Vegas, and Phoenix is advantageous for touring bands as a "working vacation" spot with rehearsal space.