The stadium is located between the downtown core and the University of Calgary, north of 16 Avenue NW between Crowchild Trail and University Drive. It is within walking distance of the Banff Trail C-Train station.
It serves as the home venue for the University of Calgary Dinos, Calgary Colts of the Canadian Junior Football League, Calgary Gators and Calgary Wolfpack of the Alberta Football League, and the Calgary Stampeders of the Canadian Football League, who formerly played at Mewata Stadium from 1935 to 1959. The stadium also served as the open-air venue (as an ice rink) for the National Hockey League's 2011 Heritage Classic match between the Calgary Flames and the Montreal Canadiens.
The stadium was also the location used for the 1988 Winter Olympics for the opening and closing ceremonies, serving as the Olympic Stadium.