It is the first park in west Louisville to offer multiple pickleball courts.
Plans are underway for the development of a new multi-use community center in south Louisville to address the lack of such facilities in the area.
At Thursday night's meeting, the council approved the additional funds, which will be invested in public safety, parks and affordable housing.
The university has shown interest in Stansbury Park, which is part of the Olmstead Park System owned by the city. UofL is holding meetings on the best use for the park.
The mayor said the city is taking immediate action following the DOJ report.
To restore equality and increase funding to Louisville's park system, Mayor Greensberg and the Parks Alliance announced the creation of the Parks for All Action Plan.
The new sports courts feature a half-court basketball area, two pickleball courts and two tennis courts.
The centers will require guests to wear masks and have their temperatures taken, according to the mayor's office.
City leaders said the courses' new management and price structure played a big part in their success.
Louisville Metro Parks broke ground Tuesday on an $800,000 renovation project.