The Park as it is now comprised was formed by an action taken by the City Council on 21 July 2009. On that date the Veterans Memorial Park of Wichita Inc. was given the responsibility of Managing the Park in accordance with the Long Range Plan agreed to by the Board of VMPWI and the City. Renewed in 2023, this agreement is still in effect to this day. Ownership remains with the City and as such, permits are required for all events. Persons and/or organizations wishing to build monuments in the Park must contact the VMPWI Board for information and permission to break ground.