The stadium is located in the north of Hamilton, close to the Burnbank and Whitehill residential areas and to Hamilton West railway station. Construction of the stadium was completed by Ballast Nedam in 2001; the initial intention was for its name to be The Ballast Stadium. The pitch was converted to artificial FieldTurf in 2004, the more durable surface allowing the club to hold training sessions and youth academy matches there without damaging the playing field for first team matches. After Hamilton was promoted to the Scottish Premier League in May 2008, the artificial surface had to be replaced by grass due to league rules, an alteration which owner Ronnie MacDonald claimed had cost £850,000 (including the installation of undersoil heating). In addition to the turf replacement, a small temporary stand with a capacity of 500 was erected in March 2008 to bring the stadium's capacity up to the league requirement of 6,000 all seater.
At the beginning of season 2013–14, Hamilton returned to an artificial playing surface, this time produced by TigerTurf with an installation cost of £400,000. In June 2018, that surface was voted as the worst of 42 SPFL venues in a survey of the league's players. The following day, the club made public their intention to install a new Greenfields surface in time for the 2018-19 season, costing £750,000 and with the same specification as the SFA performance centre at Oriam. In July 2016 it was announced that as part of a £750,000 sponsorship deal, New Douglas Park would be renamed the SuperSeal Stadium after a deal was agreed with Glasgow-based home improvements company SuperSeal. In July 2018 it became the Hope CBD Stadium following another sponsorship deal with a firm providing cannabidol products owned by the club's chief executive Colin McGowan. In July 2019 it changed again to the Fountain of Youth Stadium in another sponsorship deal worth £750,000. During the 2013–14 season, Albion Rovers played Scottish Cup ties against Motherwell and Rangers at the stadium.