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The arena has a capacity of 8,000 seats for sporting events and 9,000 seats for concerts and shows, as well as two gymnasiums which will be for use by local clubs and residents.[2] Under construction since the beginning of March 2020,[3] it was expected to be completed by the spring of 2024[4] and was inaugurated on 11 February 2024 during the LNB Élite basketball match between Paris and Saint-Quentin, won 87 to 65 by Paris.
The construction carried the project name "Paris Arena II". In July 2022, it was announced that the arena will receive the sponsor name Adidas Arena, after the German sporting goods manufacturer Adidas. Adidas signed a deal with the operating company SAE POPB, which also manages the Accor Arena and the Bataclan theatre. The agreement runs for five years with a possible seven-year extension. Adidas pays 2.8 million euros annually. Activists urged the arena should be named in honour of Alice Milliat (1884–1957), a French athlete, sports official and campaigner for women's rights. She organized the first Women's World Games in Paris. In early July 2022, the Paris City Council approved the sponsor's name change by a vote of 33 to 17, with 26 abstentions.[7] Shortly before, the city council decided that the future esplanade in front of the arena will be given the name of Alice Milliat.[8]