The festival, which occurs annually in the summer, is home to a collection of booths operated by local painters, sculptors, photographers, and other artists.

Tivoli Terrace, a restaurant currently operating at the back of the venue notable for its paraboloid roof, was designed by Donald Williamson and opened in January 1957.

[1] The Festival of Arts did not operate in person for the summer 2020 season due to safety concerns regarding the COVID-19 outbreak, the first cancellation of all events at the grounds since World War II.

In place of the cancelled in-person events, an online gala was held, and $300,952 of revenue was raised to be put toward management costs for 2020 as well as preparation for the summer 2021 season.

The venue hosts the Pageant of the Masters, a performance art show known for its living picture depictions of famous artwork.