The arena is part of the Daniel-Meyer Athletics Complex and sits between Amon G. Carter Stadium and Sam Baugh Indoor Practice Facility.

[7] The TCU Lady Frogs faced the Oklahoma State women's basketball team on February 20, 2013.

Zahna Medley scored 18 points for the Lady Frogs to help secure a win over Iowa State.

The project transformed the 53-year-old facility into a modern arena, with widened concourses, additional bathrooms and upgraded concessions.

The proposed facade remade the outdated exterior of the venue into something resembling the brick and art deco architecture of the neighboring Amon G. Carter Stadium.

Among the many additions and upgrades were a courtside club on the floor level for season ticket holders and new offices for TCU athletic staff coaches of sports such as soccer, tennis and golf.

[12] During the renovations, the university agreed to play games at Wilkerson-Greines Activity Center, a 4,759-seat arena adjacent to Tarrant County College and owned by the Fort Worth Independent School District and located approximately 15 minutes southeast of campus.

[13] On July 30, 2015, TCU revised the total cost of the renovations to over $80 million, and announced the facility would be renamed as Ed & Rae Schollmaier Arena for the project's lead donors.

The renovated facility was re-opened on December 20, 2015 when the men's basketball team played Abilene Christian.