It is one of the key strategic capital projects identified in the Strategic Growth Plan and is funded by Council and the Social Investment Fund (SIF) under the NI Executive's Delivering Social Change framework.
Phase one of the regeneration works have been in use by a range of stakeholders since the site contractor handed ownership back to the Council in early March.
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Mayor of Derry City and Strabane District Council, Councillor Maolíosa McHugh, said: "I am delighted and proud to have the honour of opening this stunning new facility which offers state of the art sports and leisure provision to the City and District.
"I was fortunate to attend the first soccer game at the stadium where Derry City entertained Limerick FC as well as the first use of the dog track by the greyhound fraternity and it was a fantastic sight to see this brand new facility being used and enjoyed by the people it was built for.
"The project's completion continues Council's commitment through the Strategic Growth Plan to regenerate our City and District and to invest in sport to improve the health and wellbeing of our citizens."
(CD/LM)
