It was the subject of a $3.9 million renovation project which was set to be completed before the opening of the rink's 29th season on November 18, 2022.

The rink consists of a 110,000-square-foot (10,000 m2) concrete surface (a 400-meter track surrounding an infield ice arena) with 84 miles (135 km) of embedded cooling tubes and an 800-ton refrigeration system.

The city was awarded state bonding money for the design and construction of a multi-purpose outdoor skating facility, which opened in December 1993.

The facility was named after John Rose, a Roseville teacher, member of the Minnesota House of Representatives, and avid supporter of youth sports.

The Minnesota Wild held their hockey jersey unveiling at the Oval, and notable visitors have included Dan Jansen, Bonnie Blair, Paul Wylie, and Neal Broten.

The facility is the main training site for the United States national bandy team and local hockey and speedskating clubs.