Waterloo had been familiar with the game of baseball for over ninety years until 1994 when the, then, Waterloo Diamonds packed and left. A year of no baseball in Waterloo went by before the Bucks began play in 1995.

The Bucks moved into historic Riverfront Stadium that had housed five different minor league clubs since its inception in 1946. Seating capacity is 5,000, with the distances being 335 down the left and right field lines, 360 to the gaps and 390 feet to center field.