The stadium was opened in 1921 with a match between First Vienna and S.C. Hakoah Wien. It was at that time the biggest in Europa. It was and still is the homeground of First Vienna F.C. 1894. The stadium was planned by Eduard Schönecker, who was not only a architect, but also a notable football defender playing for SK Rapid Wien and the national team. With 90,000 capacity it was the largest stadium in Europe at this time. In 1923, 80,000 visitors were looking at the match of the Austrian national football team versus Italy. The stadium was also used for open air opera performances and boxing events.