Built in 1895 by a private group of citizens, the grandstand provided seating for spectators of cycling and horse races and the athletic competitions that took place inside the "Oval" track. The grandstand was demolished in 1953 but evidence of the Oval and its former terraced hillsides is still visible in the park today.
The park provided the perfect setting for leisurely bicycle rides. In 1936 bicycles had to follow the posted speed limit of 15 miles per hour and bicyclists were ordered to avoid all walkways, lawns and flowerbeds. In 1995 Waterloo Park became a part of the Trans Canada Trail, providing bicyclists with a link to other trails throughout the City. Today, students are hired during the summer months to patrol the park on bicycles.
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