It was rebuilt in 2002, and eventually demolished in 2023, with plans to construct a replacement arena on the site.

The arena was the host site of the world and European championships in ice hockey, gymnastics, volleyball, basketball, boxing, skateboarding and other sports.

It hosted several games during the 1972 Summit Series tournament between the Soviet Union and Canada and was a venue for gymnastics and judo events at the 1980 Summer Olympics.

[2] In 2002, the arena experienced a major reconstruction and the seating capacity was lowered to 11,500.

[3] Media related to Luzhniki Palace of Sports at Wikimedia Commons