When it was built, the LVM-Preußenstadion was considered one of the most modern soccer stadiums in Germany and once offered space for around 40,000 spectators. For safety reasons, however, the capacity was reduced to 14,300, including just under 3,000 seats. It was the first soccer stadium in Germany to have its own train station, which has since been closed.
On November 1, 1925, the first live broadcast of a soccer match on German radio took place here. The record attendance of 40,000 spectators dates back to a match against 1. FC Nürnberg in 1951.
In the 1963/64 Bundesliga season, the LVM-Preußenstadion was the first Bundesliga stadium to sell out on the first match day. In the early 2000s, the construction of Preußen-Park failed and the stadium fell into disrepair. A new main stand was built in 2009.