[1] In 1925 Atlético Mineiro reached an agreement with the municipality of Belo Horizonte to exchange the ground where its former stadium was located, at Paraopeba Avenue, to a new land in the Lourdes bairro.

Three years later construction began, helped by state governor Antônio Carlos Ribeiro de Andrada, and the stadium opened on 30 May 30, 1929, in a friendly against Corinthians won by Atlético 4–2.

[2] The following year, the stadium was visited by then FIFA president Jules Rimet, who for the first time watched a night game, a 10–2 victory by Atlético over Sport which marked the inauguration of the ground's floodlights.

[4] In the Antônio Carlos, Atlético Mineiro won its first competition at national level, the 1937 Copa dos Campeões Estaduais, after defeating Espírito Santo's Rio Branco 5–1.

After decades of legal disputes, property of the estate eventually returned to Atlético Mineiro in 1991, which then leased it to a shopping mall, built on the site where the stadium once was and inaugurated in 1996.