In March 2021,
United Soccer League announced a proposal to build a 5,000-seat stadium in downtown Spokane to serve as home to a new
USL League One club. In May 2021, the Spokane Public School Board voted to approve the $31 million stadium project. In December 2021, the Spokane Public Facilities District met with USL and
MLS Next Pro officials over which league would place a team at the city-run stadium. On October 7, 2022, the club announced their new ownership group, Aequus Sports, LLC (led by Ryan and Katie Harnetiaux) as well as that their men's team would start play in USL League One in 2024. The club announced a partnership with
Capelli Sport on June 21, 2023, making them their exclusive uniform, equipment, and training apparel provider. The official team name, Spokane Velocity FC, and crest were announced at a launch event on July 21, 2023. On December 20, 2023, Spokane Velocity signed its first two players, midfielder
Morgan Hackworth and defender
Derek Waldeck. The club signed veteran midfielder
Luis Gil, a former MLS and
United States national team player, on January 22, 2024. The club's inaugural match was a 3–1 loss to
Greenville Triumph SC played on March 9, 2024, at
Paladin Stadium in South Carolina.
Josh Dolling scored the first goal in Velocity FC history—a
penalty kick taken in the 13th minute. The Velocity's first-ever home match at
One Spokane Stadium on March 16 was a 2–1 victory against the
Richmond Kickers in front of a sold-out crowd of 5,086. The club entered the
2024 U.S. Open Cup and won their first cup match against
Ballard FC, the defending
USL League Two champions, on March 20 at
Memorial Stadium in Seattle. Spokane were the third expansion team in USL League One history to qualify for the playoffs in their inaugural season, doing so on October 12, 2024. The team won 3-0 in its first-ever playoff match against
Northern Colorado Hailstorm FC on November 2. The Velocity then defeated
Forward Madison FC in a penalty shootout to decide the semifinals and clinch their place in the USL League One championship match. They were the lowest seed to qualify for the title match and the second expansion team to do so in their inaugural season. The team lost 3–0 to
Union Omaha and finished as runners-up in the playoffs. ==Stadium==