Alumni Memorial Field was built and completed in 1962. The cost was approximately $250,000, funded by the General Assembly of Virginia and VMI Alumni Association. Fiberglass seating was installed in 1974.
Much later in 2006, many improvements were made to the stadium. A new scoreboard with a jumbotron was added, along with new concourses, restrooms, and locker rooms. It totaled for a cost of $15 million.
After renovation to the stadium in 2006, Alumni Memorial Stadium features permanent ticket booths, new concourses, restrooms, and locker rooms. It has a capacity of 10,000, with 54 rows at 173 feet high. The playing surface is Bermuda Grass.
Before every VMI home game, the VMI Corps of Cadets marches from their barracks onto the field while the VMI Regimental Band plays "Shenandoah", along with a cannon called "Little John" firing at the start and end of the game and after every VMI score.
On September 15, 1973, VMI fell to Navy 37-8 in the largest crowd in Alumni Memorial Field history, with an attendance of 10,000. Just three years earlier on October 31, 1970, before 2,400 spectators, VMI fell heavily to Davidson 55-21 in the smallest crowd in Alumni Memorial Field history.