The final phase and the cornerstone of the events complex, the Kay Yeager Coliseum, began construction in 2001, with a completion in January, 2003. The versatility of the Kay Yeager Coliseum provides a facility for a variety of events including ice hockey and basketball.  The Kay Yeager Coliseum is also home to rodeos, horse and agricultural events, tractor pulls and motorcycle events. With multiple stage arrangements, lectures, small concerts or theater-in-the-round can be held. Utilizing an end-stage arrangement, 10,000 people can be seated for concerts, lectures, or conventions. The Kay Yeager Coliseum is home of the Wichita Falls Wildcats Hockey Team and Wichita Falls Nighthawks Indoor Football Team. 

The Coliseum features the following specifications: