Comprising a centre court, four side courts, a sports science centre, a weights room and multiple locker rooms, the facility currently hosts the Cairns Taipans, Cairns Marlins and Cairns Dolphins, training sessions, the Taipans' NBL pre-season games, and the Marlins' and Dolphins' NBL1 North games.

The facility also hosts regular junior and senior competitions run by the Cairns Basketball Association.

[2] After the introduction of the Marlins and the Dolphins into the state basketball league, the first expansion for the facility was a seating increase on the centre court in 1994.

Across 2010 and 2011 there were two adjustments to the operations of the stadium, with the car park upgraded in 2010 to enable wheelchair access, and a 20KW solar system installed in 2011.

In 2017 a federal government grant allowed Cairns Basketball Stadium to complete a $3 million expansion of the facility, which added a fifth court, improved the landscaping and constructed a teaching facility for CQUniversity to teach sport science on site.