Princeton Stadium opened in 1998 as the Tigers played their inaugural game against Cornell. Once again, the opening of a new stadium saw success for Princeton, as the Tigers made their way to a 6-0 win over the Big Red. For the remainder of the 1998 season, the stadium saw an average 80 percent capacity for home football games.

Built for $45 million, Princeton Stadium stands on the site of Palmer Stadium, though it is about 70 feet farther north than Palmer was. Princeton Stadium has two tiers of seating and has seating on all four sides, as opposed to the one-tier seating on three sides that existed in Palmer Stadium. With a slightly smaller capacity than its predecessor, Princeton Stadium can seat 27,800 with room for more than 30,000 overall within the facility. Yet one of the main differences stands is that, while Palmer Stadium had a track running around the football field, Princeton Stadium was built without a track.

To complete the project, the Weaver Track and Field Stadium was constructed south of the football stadium, which also opened in 1998. One of the more unique features of Princeton Stadium is the wall-building. The wall-building surrounds the seating area on three sides, allowing the stadium to maintain the historic horseshoe design of Palmer Stadium. It was built from 3,500 precast pieces of concrete, the heaviest of which weighs in at a substantial 80,000 pounds. These blocks were built in South Carolina and were then shipped to Princeton on trucks.

Princeton football history has a longstanding and esteemed tradition, and the teams since 1869 have had a longstanding tradition of playing in historic and now state-of-the-art facilities. Preserving tradition, history, and the honor of both the school and the game, Princeton's football stadiums represent the glory of Princeton University and the tradition of football, just as Edgar Palmer wanted.