The Stadium was first proposed by Chicago sports promoter Paddy Harmon. Harmon wanted to bring an NHL team to Chicago, but he lost out to Col. Frederic McLaughlin. This team would soon be known as the Chicago Black Hawks (later 'Blackhawks'). Harmon then went on to at least try to get some control over the team by building a stadium for the Blackhawks to play in. He spent $2.5 million and borrowed more funds from friends, including James E. Norris, in order to build the stadium.
Opened on March 28, 1929, at a cost of $9.5 million, Chicago Stadium was the largest indoor arena in the world at the time. Detroit's Olympia stadium, built two years earlier, was a model for the Chicago Stadium and had a capacity of over 15,000 people. It was also the first arena with an air conditioning system. However, the system was fairly rudimentary by modern standards, and was memorably given to filling the arena with fog during late-season basketball and hockey games.
The Stadium sat 17,317 for hockey at the time of closure, though standing room pushed the "actual" attendance beyond that figure. The official attendance figures in the published game summaries were often given in round numbers, such as 18,500 or 20,000. The largest recorded crowd for an NHL game at the stadium was 20,069 for a playoff game between the Blackhawks and Minnesota North Stars on April 10, 1982.