Paola’s Wallace Park began in 1910 with 12 acres and in 1912 an additional 30 acres was added.  The Park is located at Osage Street and Wallace Park Drive and offers a variety of recreational activities including a playground, bike path, tennis courts, basketball courts, baseball and softball diamonds.  There are also picnic shelters available.  The Paola Family Swimming Pool is also located at Wallace Park.

Wallace Park is also adjacent to the Miami County Fairgrounds.  The Miami County Fair is held during the last week of July each year and includes livestock exhibits, a carnival, a first class rodeo, and the very popular demolition derby.                                          Playground at Wallace Park