Operated by the Oregon Sports Trust, the museum is currently closed in preparation for moving to another facility.

The Oregon Sports Hall of Fame inducted its first class of 54 members in 1980, a diverse group that included Olympians Mack Robinson, Don Schollander and Frank Troeh, Boston Red Sox legend Johnny Pesky, NFL hero Norm van Brocklin, Heisman Trophy winner Terry Baker, high jump innovator Dick Fosbury, and basketball coaching legend Slats Gill.

New members are inducted each fall, in a ceremony held in recent years at the Multnomah Athletic Club in Portland, Oregon.

From 1986 to 1997, the museum was located in a 3,000-square-foot (280 m2) basement under the Standard Insurance Center in downtown Portland, Oregon.

[1] In 1997, the museum moved to a nearby facility featuring 7,000 square feet (700 m2) of space with hands-on exhibits, videos, and memorabilia, such as Terry Baker's Heisman Trophy (the first Heisman given to a West Coast athlete), Mack Robinson's Olympic jersey, one of Dale Murphy's Golden Gloves, and Bill Walton's jersey from the 1977 Portland Trail Blazers NBA championship game.