The mall on Bardstown Road is still up for sale after being listed last November.
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The mall is home to The Caravan Comedy Club, Baxter Avenue Theatres, ValuMarket, as well as a branch of the Louisville Free Public Library.
The new sports courts feature a half-court basketball area, two pickleball courts and two tennis courts.
Once the restoration is complete, parkgoers will have two tennis courts, two pickleball courts and a half-court basketball court to use.
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The Tyler Park Neighborhood Association plans to plant dozens of trees.
It's the first time since 2019 the festival has been held due to COVID-19.
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The goal is to receive $100,000 pledges by Oct. 15. Thus far, more than $32,000 has been pledged.
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The graffiti said "KILL COPS," according to Shawn Reilly, the vice president of the Tyler Park Neighborhood Association.