Established in 1948
Was the property of Freceric Wyatt, Guelph lawyer, chairman of the library board for 30 years who secured funding from Carnegie for the former library building, chairman of the board of Trade and local provincial magistrate

The park was established in 1973 when the City acquired the land from the Iacocca family. The park was named in honour of Mico Valeriote who served as a dedicated and long time Alderman.

Established in 1871, the land was purchased by the City for its annual exhibition. The park included a horse race track, exhibition building and livestock sheds. Later additions included a bandstand and baseball diamonds. The original stadium was built in 1925 and the arena in 1965.