The $35.2 million facility marks the competition of a project that started under the district's 2012 bond program.
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The 5,000-seat facility, located at 2020 Mangum Road, features a removable maple court, retractable lower level seating and six locker rooms. The court features a star representing the HISD logo and an image of Houston's skyline.
"This is overdue for our kids," athletic director Marmion Dambrino said. "This is way overdue. That's why today is such a joyous day in HISD."
Additionally, the facility will host basketball and volleyball games, graduation ceremonies and other events.