Improvements include the replacement of the original wooden seats with aluminum bleachers, installation of sound and lighting systems, and major structural overhauls.

On June 1, 2003, a $3.5 million renovation of the Memorial Stadium press box was completed, which also added 300 indoor club seats and 9 suites.

The facelift to the original 1986 facility included renovating and modernizing the existing space with new carpeting, lighting, and a new bulkhead ceiling along with the installation of custom-built oak wood lockers for 105 football players.

Heavy rains in June 2008 severely damaged the field, washing away the gravel substrate, and creating a large sinkhole in the south end zone,[8] which led to the installation of a FieldTurf surface.

In 2005 head football coach Terry Hoeppner had a southern Indiana limestone boulder, nicknamed "The Rock", installed in the north end zone as a new campus tradition.

[13] Indiana Athletic Director Fred Glass announced in July 2009 $3 million of additional renovations to the stadium for the 2009 season, including a new "retro" North End Zone scoreboard, a "Knothole Park" kids area in the south end zone, upgrades to the press box, repainting walkways, renovated concession stands, additional ticket booths, and new fencing around the stadium.

[14] Indiana University Athletic Director Fred Glass said on October 9, 2014 that a project to enclose the south end of Memorial Stadium is being planned at an estimated cost of $10 million.