It currently serves as the home of the Utah Valley University men’s ice hockey team, Peaks Youth Hockey Association, several high school teams, the Peaks Figure Skating Club, and a Learn-to-Skate USA program for beginning skaters of all ages.

After Salt Lake City won the 2002 Olympic bid in 1995, planning began again for what venue Utah County could host.

[7] Soon after construction had begun SLOC decided to host competitive hockey events in the new arena, versus the original plan to use the arena for practices, and using Utah Valley University's UCCU Center (then known as the McKay Events Center) for the competitions.

The completed arena cost $12.4 million to build, included two ice sheets, had seating for over 2,000 spectators, and was 110,000 square feet (10,000 m2) in size.

[10] On November 20, 2008 Provo City took control of the arena from Seven Peaks owner Max Rabner, resolving a lawsuit that had been on going for years over the original construction and management agreements.

Because of its original size over 6,000 temporary seats had to be installed to boost the ice center's capacity to 8,400, including press members.