Work officially started on clearing the site of trees on 9 May 2009, and work above ground started in early September 2009. By the middle of September the first main structure of the Main Stand was visible, and in early 2010 the other three stands were being developed. In late May the pitch was seeded. It was originally planned that the stadium would be ready for the 2009–10 season, but delays meant that it would not be ready until the 2010–11 season.
Globe Arena's opening game ought to have been a friendly against Bolton Wanderers on 28 July 2010, with the official opening of the stadium due to be marked by a local derby against rivals Preston North End on 31 July. However, all three planned home pre-season friendly fixtures were cancelled because of site delays. The stadium's opening game was instead against Coventry City for Morecambe's League Cup first-round tie on 10 August, in which Morecambe marked the occasion with beating their Championship opponents 2–0, with Andy Fleming scoring the first two goals at the stadium. The first league game at the Globe Arena was a 0–0 draw with Rotherham United. Their first league win came against Shrewsbury Town, with a 1–0 victory. The Shrimps' biggest victory on the ground was a 6-0 demolition of Crawley Town, beating the previous record, 5–0 at home to Stockport County, with striker Phil Jevons becoming the first player to score a hat-trick on the ground. A record of 5,375 was set on 28 August 2013 when Morecambe hosted Newcastle United in the 2nd Round of the League Cup with Newcastle emerging 2–0 winners.
The stand is named after chairman Peter McGuigan, to celebrate his 10 years in charge of the club. The stand can also be known as the Main Stand and runs along the side of the pitch. Within the stand, there are facilities on three floors including, on the ground floor, advanced changing, first aid, home, away and officials' dressing rooms, gym and office facilities for players and management; and, on the public side, a bar, club shop and reception area. On the first floor there is a 387m sq hospitality suite for matchday use. This large room can be sub-divided into three separate areas for smaller functions and private parties. This area will be available throughout the year for non-matchday functions. It will also be available for conferencing use, for up to 360 people. On the second floor are five private boxes, which will each accommodate 10 people, a sponsors' lounge for 24 people, and the directors' lounge. All have private catering facilities and their own 'bird's eye' view of the pitch. Omega Holidays Stand
Omega Holidays Stand is named after the Team's Kit Sponsor, Omega Holidays and can also be known as the West Stand. It accommodates 2,234 standing home spectators and is located to the left end goal mouth. The stand has a bar and catering outlets to the rear of the stand. Beyond Radio Stand
The Beyond Radio Stand is named after the local radio station, (Beyond_Radio), can also be known as the East Stand and is located to the right end goalmouth. The Stand accommodates 1,389 standing visiting spectators and has a bar and catering outlets. Open Terrace
Open Terrace is an uncovered standing terrace that, like the Peter McGuigan, runs along the side of the pitch. It accommodates 606 home spectators and has catering facilities available. At the end of the stand is the Community Block. The Open Terrace was not open to supporters for the League Cup match against Coventry City because not everything was completed but it was opened at the next game against Rotherham United. The stand also houses the ground's scoreboard.