The stadium was built during 1928 and opened on 2 May. It was also named May 1 Stadium. Shortly before World War II stadium was renamed into Dynamo. It was destroyed during the war. After reconstruction it was run by sports association "Spartak" which also gave same name to the stadium. In 1960 Stadium was transferred to the Kremenchuk plant of road machinery. It was renamed into Dnipro in honor of the newly created football clubDnipro who that year won the Poltava Oblast Cup. In 2013the city of Kremenchuk became owner of the stadium. On 4 April 2017 the city-owned football club Kremin became operator of the stadium. On 5 November 2021 the city changed the operator for the stadium to a city-owned Sport School Avanhard.