In 1984 when the Performing Arts Center was being built plans were included for Town Square. This space replaced the gardens that were removed when the Egan Center was constructed. Kimball’s Store is located on one corner and will remain as it is on the National Register of Historical Places. In 1991 Friends of Town Square began selling bricks to be placed in the park to earn monies to complete the project. The Downtown Anchorage Association spent two years on this project and sold 100 trees, the Alascom Holiday tree and over 13,000 bricks. In 1997 electric outlets were installed to light every tree in the park as part of the City of Lights kickoff.
In the summer it is a nice place to sit and rest when touring the city. In the winter, the trees are strung with christmas lights and an ice skating rink is created at the center of the park.