To help generate revenue for the park, the Explorations V Children's Museum will charge a fee for admission. Concerts and other events will also be held in the park.
The children's museum is currently located in downtown Lakeland but will relocate to the park as part of the redevelopment.
According to Sasaki, new walking and bike paths will help increase access to the park.
"Bonnet Springs Park, from a planning and design perspective, presents a rare opportunity to transform a significantly challenged urban plot of land in an effort to improve Central Florida’s quality of life for generations to come," a recent blog post on Sasaki's website said.