 Its construction was financed using donations from various local groups and companies, which are commemorated on a plaque located on the bandshell.The bandshell was replaced in 2018 by a multipurpose pavilion constructed by Finnway Contracting and paid for with funds raised by The Coalition For Waverley Park.The Port Arthur Cenotaph was originally built in remembrance of local soldiers who died during World War I, and was updated for both the Second World War and the Korean War.