It is the first American baseball stadium to reach a total attendance of ten million without ever serving a team higher than AA.

On March 28, 1945, Reading City Council voted unanimously to purchase 27 acres of ground known as Cathedral Heights at a cost of $64,491 for the purpose of building a municipal stadium.

Named in honor of U.S. military personnel who died while serving, Reading Municipal Memorial Stadium was dedicated on July 15 that same year.

[8] Prior to Municipal Stadium, Reading's professional baseball teams played at Lauer's Park.

[6] After the 1992 season, the left field bleachers were demolished and a new grandstand was built in its place, which doubled that area's capacity to 1,600 seats.

[6] After the 2002 season, the individual seats in the left field deck were replaced by a four-tiered picnic area, and the Classic Café was constructed underneath the first base bleachers.

These renovations included the brand new VIST Financial Plaza, an expanded ticket plaza outside of the gates, a climate controlled walk-in team store, family bathrooms, brand new offices for front office members, more parking spaces, light poles, cement in the main grandstand, padded outfield walls, and new clubhouses for both the home and visiting teams.

[13] In 2024, a new clubhouse and event center was added along with upgrades to training facilities as part of a $45 million dollar project.