The arena was originally built at a cost of €87 million,[5] for the 2006 Winter Olympics, and along with the Torino Esposizioni, it hosted the ice hockey events.

The futuristic building's exterior has a strict rectangular Cartesian coated stainless steel and glass structure, with a base of 183 by 100 metres.

It serves as a venue for events including concerts, exhibitions, trade fairs, conferences, and various sports, such as basketball, ice hockey, curling and volleyball.

[4] In addition to concerts, the arena has also been able to host successful touring shows and musicals over the years such as Notre Dame de Paris, Romeo and Juliet, Cirque du Soleil, and occasionally sporting events including WWE professional wrestling in 2007, 2011, in 2014 and 2018, and the car shows Top Gear Live in July 2014 and Fast & Furious Live in September 2018.

It was inaugurated on 13 December 2005, with the name PalaOlimpico, during a friendly match in ice hockey between the men's national teams of Italy and Canada.

The Palasport was due to host the 2010–11 season's Final Four of the EuroLeague, as announced on February 16, 2010,[3] but the event was later moved to the Palau Sant Jordi, in Barcelona.

Artists such as Bob Dylan, Madonna, Rihanna, U2, Florence and the Machine, 5 Seconds of Summer, Lana Del Rey, Ariana Grande, Shakira, Renato Zero, Tiziano Ferro, Il Volo, Harry Styles, Elisa and Marco Mengoni have performed in the arena.