[5][6] The stadium lies next to the Juan Pachín Vicéns Auditorium, where the Ponce Lions (basketball) hold their games.

The Stadium was named to honor Francisco "Paquito" Montaner, one of the greatest Puerto Rican pitchers of all times.

In 1947, the game at the opening day of training was won 12 to 8 by the Leones de Ponce[a] v. New York Yankees.

[4] For many years Montaner was the venue of the finals of the Guantes Dorados de Boxeo Aficionado (Amateur Boxing's Golden Gloves), national as well as U.S.-based Professional Wrestling billboards, bull runs, concerts by internationally renowned artists, as well as the site of various major religious conventions.

Various "No Hit No Run" were played in this stadium, in particular the ones by 'Pantalones' Santiago, Hank Behrman, José Luis 'Witito' Martínez, and the rare "no hitter", by Giancarlo Alvarado against the fearful Indios de Mayagüez.

Fans still remember the very first championship of the Leones de Ponce (baseball) in 1952, and the electrifying plays by Tomás 'Guabina' Gutiérrez, Antonio 'Toño' Morales, "El Barco" Salvador Dijols, Ángel 'Conejo' García, César Bocachica, and Joe Hatton, and the maneuvers by the best Puerto Rican basketball player of all times Juan 'Pachín' Vicens, in particular, the night when he became the first player to reach the 5,000 points in Puerto Rican basketball.