Originally called the Public Square, James T. Gifford, founder of Elgin, set this land aside to be used as the city's first park.  Over the years, the park would see many updates and improvements, including an intricate flower bed in the 1880's and a band stand in 1887.

When Elgin High School was built across the street in 1883, Gifford Park took on a new moniker of "High School Park".  It served as a meeting place for the likes of school boys and snow ball fights.  

By 1979, the park was in need of repair.  A group of property owners grouped together to take on the task.  Their efforts were so successful that they organized as The Gifford Park Association.  Today their efforts involve the restoration of homes in Elgin.  More information is available about the association on The Gifford Park Association Web Site