As part of the 1994 Park Bond Referendum, King Park was identified as one of two options for a youth athletic complex. in 1995 the City was contacted by Walt King regarding the potential sale of his property. The original parcel was larger and more expensive than what the City needed for the proposed athletic complex and continued to look at other sites. King later agreed to the sale of a smaller parcel of land and a per-acre donation to the City. The City and King entered into an agreement for a 48-acre parcel acquisition at $7,000 per acre. The park was slated to open by summer of 1997. At the time of construction, the park included eight fields, parking lot, portable restrooms and trail connections. In 2007, fencing was installed at all fields, a park building with concessions and restrooms was constructed and picnic facilities were added.
In 2007, the City was approached by the Lakeville Baseball Association (LBA) and representatives from the Miracle League organization regarding the construction of an accessible Miracle Field at King Park. The total cost of the project was $400,000 and was primarily paid for through fundraising efforts led by LBA. An official groundbreaking for the Miracle Field was held on 2010 and officially opened in June of 2011. The accessible playground was constructed in 2014 with donations and grant funding at a cost $183,592. In 2019, the City partnered with a number of individuals, civic organizations and businesses to construct a 9-hole miniature golf course at King Park. The total cost of the project was $406,396 primarily funded through donations and grants and officially opened in spring of 2020. The Miracle Field, playground and mini-golf course are all accessible with poured-in-place fall material that is suitable for visitors of all abilities.
