The stadium was built in 1993, during the war. It's been mostly used by a local football club, the FK Olimpik Sarajevo. Except being a home ground for the club, the main idea was to promote sport, especially football in that part of the city, since there were no other sporting venues in the Otoka neighbourhood at the time.
It's been recently announced that the stadium will be properly renovated  by the early 2010. This caused a temporary relocation of FK Olimpik to the Grbavica Stadium. The renovation includes covering of the present west stand, and building three totally new covered stands. The seating capacity will be raised to 9,000 and the ground surface will be covered in artificial grass. Also, some additional features like shops and restaurants will be opened. It is announced that the renovated stadium, which will be able to seat about 7,200 people, will be opened on fifth round of the 2011/12 Premier league of Bosnia and Herzegovina against FK Željezničar on 27. or 28. August 2011.