It is located north of the centre of the city, off the Aleksandra Nevskogo Ulitsa street in Neftekhimikov (Petrochemists') Park.

Since the closure of the Trud Stadium in Ufa in 2005, it is the only venue that hosts speedway in the city.

It has also held the final of the Individual Ice Speedway European Championship in 2010, 2013, 2016, 2017 and 2019.

Over the last three decades the stadium has required modernisation and plans were drawn up by Mayor Sergey Grekov in November 2021 (as part of the 450th jubilee of Ufa) to modernise the stadium at the cost of 1.7 billion rubles.

[1] Since 2022, the stadium has been resticted to domestic use following the Fédération Internationale de Motocyclisme ban on Russian motorcycle riders, teams, officials, and competitions, as a result of the 2022 Russian invasion of Ukraine.