Largely driven by the fundraising efforts and monetary contributions of Charles T. Parker - a Portland businessman and 1908 OSU alum - construction on Parker Stadium began in 1952. At its construction it seated 28,000. The first game in the new stadium was played on November 14, 1953 - Homecoming - against Washington State. The stadium was renovated in 1958, 1965, and 1967, bringing its maximum capacity to 40,500; subsequent additions, namely the Valley Football Center, reduced seating capacity to 35,362 in 1990.

The stadium was known as Parker Stadium until 1999; when the stadium was renamed for Pat and Al Reser (both Class of 1960), the area to the east of the stadium was named Parker Plaza.

SCARC: The Special Collections and Archives Research Center's holdings include audio-visual material, personal papers, university records, and photograph collections documenting the history of Parker Stadium.

Oregon Digital: Includes both photographic and textual materials documenting Parker Stadium.