In round 4 of the 1956 season, Melbourne played a one off home game at Punt Road against Fitzroy, this time due to renovations at the MCG in preparation for the 1956 Summer Olympics.

Owing to the arrangement of the draw for 1942, South Melbourne played one home game there against Hawthorn when Richmond had the bye.

After the 1964 season, the capacity of the venue was to be reduced to only 22,000, after much of the outer was to be lost to the widening by 50 ft of Punt Road, a notorious traffic bottleneck.

Under the stewardship of President Ray Dunn, Richmond negotiated to move its home games to the Melbourne Cricket Ground starting from 1965.

The redeveloped sports facilities at Punt Road Oval accommodate a range of business and community sports organisations, including Klim Swim, the VRI Fencing Club and the Indigenous Youth Education Centre known as the Korin Gamaji Institute.

[5] In November 2020 the Richmond Football Club announced its intention to oversee the redevelopment of the venue; to incorporate a larger playing surface, the demolition of the historic Jack Dyer Stand to make way for a new grandstand with public seating and amenities, and construction of additional playing facilities and a function space.

The proposed $60 million redevelopment has received approximately half the necessary funding from the Victorian and Federal Government, with the remaining amount to be raised by the club and the AFL.