The naming rights of the arena were acquired by Telefónica's cell phone division, Movistar, until 2057.

[3] It was later acquired by a company that remained closed for over fifteen years, leading to a state of abandonment.

However, due to insufficient funds, the project faced a halt in 2015, leaving the half-finished concrete structure abandoned.

The arena had its grand opening on 1 November 2019 with a concert by Tini as part of her Quiero Volver Tour.

Additionally, 21 bus lines and the EcoBici bike-sharing system provide connectivity between the city and the arena.