The opening of Jerome Schottenstein was in 1998, and now it is taken as home by several collegiate sports teams including Ohio State Buckeyes, basketball and ice hockey teams. Before, the basketball teams used to play their games at the St. John Arena, and the ice hockey teams took OSU Ice Arena as their home. The arena is named after the one behind the founding of Schottenstein Stores Corp, Jerome Schottenstein.
Before 2010, one of Value City Arena's competitor arenas was Nationwide Arena that was opened in 2000. After the agreement reached between Blue Jackets and OSU to move non-athletic event and day to day operations to OSU instead of Nationwide Arena, the two venues become sisters under the same management.
At mens basketball, the student section is called the Buckeye Nuthouse. And since its opening till 2009-10 season, the students had their seats behind the baskets. But after much criticism, the students section was reconfigured in order that students to have their seats right behind team benches so they can be visible to television broadcasts. The reconfiguration includes the tarping of 240 seats behind the section in order that spectators behind students can watch the game without being forced to stand up. And that reduced mens basketballs capacity to 18,809 seats.