In late 1987, the centre closed for the construction of the world's first indoor ski slope and reopened in 1988 as Mt Thebarton Snow and Ice, featuring what was reported to be the world's first indoor ski slope on artificial snow.

The facility temporarily closed in June 2005 due to the running costs of the centre, but it re-opened minus the indoor ski slope with the new name of IceArenA.

Media release stated that Ice Arena were in discussions with the government.

On 7 May 2016, the large ice reopened, with various dignitaries in attendance, after a government grant was provided to purchase a new, modern refrigeration plant.

On 15 September 2021, the Ice Arena helped launch the National Hockey Super League (NHSL), Australia's first professional ice hockey league.