The infield was large enough to accommodate a Canadian football-sized field, and indeed, the Velodrome was an important venue for high-school football in the city. It was planned as a facility that could relieve the larger Winnipeg Stadium from the duty of hosting amateur football, which was taking a serious toll on the grass field and making it unsuitable for professional play. Following the installation of artificial turf at Winnipeg Stadium in 1987, amateur teams resumed playing in the larger facility and football activity at the Velodrome declined sharply. Starting in 1994, the Velodrome was occasionally used as a practice facility by the Winnipeg Blue Bombers of the Canadian Football League on days when the Winnipeg Goldeyes were using the Stadium. This practice continued until 1999 season, when the Canwest Park baseball facility opened and the Goldeyes departed Winnipeg Stadium for good.
By the 1990s, the facility had become functionally obsolete for competitive cycling, and its use by cyclists had all but ceased. In light of the facility's deterioration, a decision was made to build a temporary velodrome for the 1999 Pan-American Games at the Red River Exhibition Park. The Winnipeg Velodrome was demolished in 1998 and the site is now occupied by retail stores. The temporary facility built to replace the Winnipeg Velodrome was itself disassembled and sold to a group in the Netherlands shortly after the 1999 Pan-American Games, leaving Manitoba without a velodrome facility.