In early 2001 the Lions Club of Dayboro announced that it would be placing a time capsule in the small park in the middle of town as a fundraiser. This park had no official name and was often referred to as “No Name Park”.
Lions Park was officially dedicated by Pine Rivers Shire Council Mayor Yvonne Chapman and Cr Bob Millar on 28th July 2001. At the time of the dedication the time capsule was lowered. The capsule is to be opened in 2026.
The park is somewhat smaller than it was in 2001. The floods of January 2011 caused some damage. It became necessary for the construction of a new bridge in Williams Street with reclamation work having to be done to a portion of the park. The new bridge was opened on 1st December 2012, with the ribbon being cut by Doreen Cruice who was the oldest resident in the town descended from an early pioneering family. She was aged 92.