The site consists of a complex of industrial buildings occupying more than 8.5 hectares (21 acres), bounded by East Parade, Summers Street, the Swan River and the Graham Farmer Freeway.

The Power Station was constructed between 1913 and 1916 by the Western Australian State Government, which announced that the facility would generate all the electricity needed in the Perth Metropolitan area.

[3] It includes a range of remnant machinery and equipment that is believed to be unique in the world because it contains the five different stages of power generation technology that occurred in the 20th century.

[10] In the 2000s the East Perth Redevelopment Authority developed a draft master plan[4] for the site's future use, which went out to the public during a three-month community consultation period (7 November 2004 – 28 February 2005).

Its final report recommended the construction of a new 60,000-seat stadium at either Kitchener Park (which adjoins Subiaco Oval) or at the East Perth Power Station site.

[15] In 2020, Minderoo Group and Australian Capital Equity were nominated as preferred developers, but both companies withdrew from the joint venture in February 2023.