Mayor Craig Greenberg made the announcement at the southwest YMCA Tuesday morning.
An ordinance introduced last week at Metro Council would allow a range of new activities in a roughly 300-acre zoning district that includes much of the park and some adjoining properties.
Two state senators joined Louisville city leaders Thursday to take a look at the site of the planned expansion of Waterfront Park into the west end.
The park is projecting a $500,000 shortfall in the next fiscal year.
Gov. Andy Beshear on Monday said Kentuckians can take off the masks at outdoor events of 1,000 or less.
One of the first steps in the expansion process will be to clear an old homeless camp just off Interstate 64 and Frankfort Avenue.
With so many key events scrapped, the park has taken a big financial hit.
The corporation hopes to rent its office space for $10,000, which will go right back into Waterfront Park.
With the city of Louisville facing $25 million in budget cuts, some organizations are making a last-minute effort to save what they can.