It was built in 1970 with 4,500 permanent seats with a total capacity of 5,500 including room for 500 standing spectators.

In the 1970s and 1980s, it was the home arena for the renowned ice hockey club Dinamo Riga and also frequently hosted figure skating, basketball, and tennis events.

However, since 2006 Latvian national ice hockey team has been played its home games in the 10,300-seat Arena Riga that was built to host the 2006 Men's World Ice Hockey Championships.

Chief of arena for long term was legendary ice hockey player Helmuts Balderis.

His aim was to make it more suitable for residential and commercial needs – to build flats, offices, hotels and keep renewed ice hall itself.