The cost of construction for the venue was estimated to be 108 billion won (about $90 million US).[1] Construction started in July 2014[2] and was completed in March 2017.[3]
Korea Ice Hockey Association president Chung Mong-won stated a desire for the Gangneung Hockey Centre to become the focus of ice hockey in Korea, and to leave an Olympic Games legacy. He said, "My dream is to turn Gangneung into a hockey town. I hope to see the day when people think of Gangneung, they'll think of hockey".[4] In 2019, the Korea Ice Hockey Association voted to run its national development programs in Gangneung.[4]