The rapidly growing city of Peoria has annexed the park and surrounding lands with an eye on future development, though 2007-2008 economic downturn has brought a temporary halt to its plans. Economy aside, the increasing popularity of the area is evidenced by rapidly growing subdivisions to the south, such as Vistancia, and skyrocketing real estate values, the city has zoned much of the land in the immediate vicinity for future use of both high-end waterfront residential neighborhoods and commercial opportunities off of Lake Pleasant Parkway and the Carefree Highway. Several plans also call for potentially expanding the existing airstrip to be expanded into a regional airport.