The park is an established sport and community recreation reserve with a significant history, having been originally built for the 1956 Olympic Games in Melbourne, Australia, for use as a prominent training base.

Olympic Park has been home to current National Premier Leagues and former National Soccer League club Heidelberg United FC since 1982, with the reserve also hosting cricket venues and a range of other sports, recreation and open space opportunities.

The precinct is also home to Barrbunin Beek, a gathering place for Aboriginal and Torres Strait Islander people living in and around Banyule.

Lighting for the ground was upgraded, and the original athletics track was decommissioned and removed, as it was in poor condition.

[3] A crowd of 11,372 people turned up to watch the 2015 FFA Cup quarter final match between Heidelberg United and Melbourne City.