It is currently the home stadium of the Football Team of the city, Club de Deportes Antofagasta, of Chilean Primera División.

The initiative was led by two professionals from Antofagasta, Miguel Bascuñán Pavez and Alberto Calvo Nieto, who formed the "Pro-Construction Committee" in 1958 with the aim of solidifying the project.

On September 30, 1960, the Corporation of Development of Chile (Corfo) provided economic contributions toward the construction of the Antofagasta stadium, under the condition that work began before March 1, 1961.

[15] Calvo and Bascuñan reformed the construction committee and secured government and private funding, though they'd lost the opportunity to host the 1962 World Cup.

On October 8, 1964, the stadium was inaugurated before President Jorge Alessandri, Mayor Juan Floreal Recabarren and his predecessor Santiago Gajardo.

[15] Trading markets in the city closed that day at noon, with a request that private companies enable their workers to attend the event.

[23] The stadiums are schools, Because there the youth is educated in the physical, muscular and this, once achieved, reports immense benefits for the family and community:

In October 1987, the stadium was a host for the 1987 FIFA World Youth Championship, where the national teams of West Germany, Bulgaria, United States and Saudi Arabia, all of Group D, played 6 games.

[28] In April 2014, a friendly match was proposed between the national teams of Chile and Peru, for which the mayor of Antofagasta promised to improve the state of the field.

[32] In 2006, Club de Deportes Antofagasta (CDA) acquired 650 seats from Brazil, with an investment of 8,000,000 CLP, installed in the stadium's preferred sector, for the anniversary of the city and the return to Premiere A series football.

It cost 816.212.000 CLP, financed by the Municipality of Antofagasta, the regional council and Chiledeportes (a national program to promote sport activities).

[34] Chiledeportes promised a US$3 million investment to five Chilean stadiums, including that of Antofagasta, for the 2008 FIFA U-20 Women's World Cup.

[25] Former Secretary General of CONCACAF (Confederation of North, Central American and Caribbean Association Football), Chuck Blazer, inspected the stadium and found that it was not fit to host matches of the competition.

[40] Former mayor Pedro Araya and a group from the sports community sought to rename the stadium "Calvo Bascuñan", in tribute to the promoters of its original construction.

[3] The Municipal Council processed the remodeling of the stadium in May 2010, by means of an extraordinary section needed to regularize the agreement – as Minera Escondida was a private entity and the project was a public work.

[41] Due to the 2010 Chile earthquake which occurred on February 27, the government reallocated the committed money for the stadium to the disaster area, to the annoyance of former-mayor Marcela Hernando.

[43] The former Secretary of Sports, Gabriel Ruiz-table, visited the stadium with the mayor, assuring that there would be resources for the remodeling so that the venue could be used for other events in addition to football matches.

[46][47] In October the Municipality of Antofagasta asked for support from the Chilean National Football Association (ANFP) with the purpose of getting more financial resources to make the remodelation.

[52] On July 28, the works were contracted to the construction company Navarrate Díaz Cumsille and Ingeniería y Construcciones Serinco Ltd., and the main coliseum was closed for a projected term of 360 days.

[58] The public ceremony began with a performance of the city's philharmonic orchestra, followed by a match between CDA and América de Cali.

[61] In December the director of the event confirmed to Antofagasta that its stadium was well-liked by the Jamaica National Team, which was competing in the Copa America for the first time.

The company MAC won the bidding for $4,997,657,850 CLP, delivered by the Fondo Nacional de Desarrollo Regional (Financial instrument) to the municipality, with a term of 5 months.

[64] On May 29, 1987, was the draw of the 1987 FIFA World Youth Championship, In live broadcast from the Hotel Sheraton on Santiago de Chile, in this draw was assigned the teams to the groups, Antofagasta was host of the Group D, conformed with the followings teams: Bulgaria, Saudi Arabia, United States and West Germany.

[66] In 2012, the Municipality of Antofagasta and various institutions announced the nomination of the stadium to be a venue of the events Copa América and Football Youth World Cup in 2015.

In 2003, the president of the Ciclism association of Antofagasta, René Araya, tried to approach to the Municipality of the city to give a name to the stadium.

[72] The former President of football association of Chile (ANFP), Harold Mayne-Nicholls, supported the proposal to name the stadium Calvo y Bascuñan.

[77] The stadium's remodel was by architectural company Valle & Cornejo with the collaboration of the architects Nicolás Lipthay, Juan Pablo Duarte, Catalina Donzé, Oscar Conteras and María José Yurisic.

[78] The architects of the remodel describe their work as a search for respect for the urban landmark while seeking a way to unify a design completed by different construction companies.

[78] The architectural operation was generated from the desire to make a building with a unique style, through a simple, clean and fancy gesture across the stadium, adding color to the urban environment.

[11] Between 2014 and 2015, 30 Neighbors of Antofagasta participated in a project to create a mosaic made with rocks, ceramics and seashells in the ends of the stadium walls, for the Copa América 2015.