The first football field in Haugesund was Barneparken, located at the current Rådhusplassen and opened in 1911, costing 400
Norwegian krone. The pitch was uneven, underdimensioned and lacked proper locker rooms. The municipality found the venue unsuitable, and in 1918 bought a parcel of land at Sørhaug from Erik Jacobsen. The venue opened on 17 May 1920, as
Haugesund kommunale idrettsplass. However, the municipality did not build a locker room, so the three clubs using the venue,
Haugesund IL,
SK av 1918 and
Vard Haugesund each put up NOK 700 towards new facilities. The structure included a small office, a change room and two showers with only cold water.
Djerv 1919 later also became a tenant. The first stand was completed in 1926, with capacity for 500 spectators. This quickly proved too small, and plans were launched for an expansion. However, this was not completed until 1936, when a larger renovation of the stadium was carried out. The pitch received international measurements and a concrete stand was erected on the east end with space for 700 spectators. A new locker room was also built, regarded among the most modern in the country. However, the stadium retained a gravel field. In a 2012 survey carried out by the
Norwegian Players' Association among away-team captains, Haugesund Stadion was ranked ninth amongst league stadiums, with a score of 3.20 on a scale from one to five. Haugesund Stadion was previously a
multi-purpose stadium, but the
running track was removed after the 2012 season. In May 2021, the stadium was renamed
Haugesund Sparebank Arena following a sponsorship deal with
Haugesund Sparebank. ==Events==