The original stadium was built in 1920 by Puget Sound Bridge and Dredging Company with a seating capacity of 30,000. It replaced Denny Field, located at the north end of campus, south of NE 45th St. and 20th Ave NE. Husky Stadium's first game was the concluding game of the 1920 season, a 28–7 loss to Dartmouth on November 27. On July 27, 1923, the stadium was the site of President Warren Harding's final public address; he died in San Francisco less than a week later.

The capacity of the lower bowl was expanded with the addition of 10,000 seats around the rim in 1936. In 1943, 35,000 people watched a demonstration of a mock WWII bombing raid, showing how local forces would respond in an attack. The Seattle fire department and emergency response teams rescued mock victims and buildings constructed on the field that were exploded as P-38 planes flew overhead to demonstrate how citizens should react. The first of the stadium's iconic covered grandstands was constructed in 1950, adding 15,000 seats to the south side. Several thousand additional seats were added in 1968.

In 1987, 13,000 seats were added with the construction of the north grandstand. Similar to the south stand, this structure included a cantilevered steel roof covering a portion of the lower seats. The project made headlines on February 25, 1987, when the grandstand collapsed during construction as a result of miscommunication between the workers and the contractor, which led to the premature removal during the intended replacement of several support cables. Although there were no casualties, property damage ranged from $500,000 to $1 million and resulted in setbacks.

Husky Stadium was a primary venue for the 1990 Goodwill Games, where the crowd saw an address by former President Ronald Reagan, as well as an address by Arnold Schwarzenegger, and a performance by the Moody Blues & Gorky Park. The stadium hosted the opening and closing ceremonies, as well as the track & field competition.

Husky Stadium was the temporary home of the Seattle Seahawks for five games (two preseason and three regular season) in 1994 while the Kingdome was temporarily closed for repairs to its damaged roof. After the demolition of the Kingdome in March 2000, the Seahawks played at Husky Stadium for the 2000 and 2001 seasons before moving into Seahawks Stadium (now Lumen Field) in 2002.

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