The panaad stadium was built on August 1997 to April 1998 and it was expanded in 2007, 2010 and 2011 inorder to accommodate thousands of people. This stadium is owned and managed by Provincial Government of Negros Occidental. The Stadium has a seating capacity of 34,900 for regular seats and 40,000 people with standing areas. The panaad stadium is located inside the Panaad Park and Sports Complex in Mansilingan, Bacolod City.
The 2005 Football Southeast Asian Games was held at the Panaad Stadium and was later the venue of the qualifiers of the 2007 ASEAN Football Championship and participated by Timor Leste, Brunei, Cambodia, Laos and Philippines. The stadium is the venue of the annual Panaad sa Negros Festival, a week long celebration participated in by all cities and municipalities in the province.
Considered as the biggest festival of Negros Occidental, dubbed as the “Mother of all Festivals. The festival was started in 1993. This festival brings together 13 cities and 19 municipalities of Negros Occidental to showcase their, culture, history, agriculture, tourism, trade and other industries of Negros Occidental.