Goodale donated the land and worked to oversee the development of the park that now bears his name, which was dedicated on July 14, 1851. By this time, factories and boarding houses for workers surrounded the area. As a result, some believe that Goodale was motivated by a desire to create a park that would be enjoyed by laborers and their children. Others point out that Goodale owned land surrounding the park and was hoping to gentrify the area and increase the value of his holdings.
For a short time following the outbreak of the Civil War, the park, as one of the only vacant spaces in the city, became a defacto Union training camp when seven thousand Union recruits were directed to make camp in the area. Goodale was a strong supporter of the Union and even served as a pall-bearer when Lincoln's funeral train passed through the city. However, he feared that the soldiers presence might lead to his park becoming a military installation and reminded the city that his gift specified that the land be used as a park, else ownership of the land would revert back to his estate. The city worked with Union leaders, and soon announced the creation of Camp Chase, just west of the city.
Although Goodale passed away in 1868, a statue of Dr. Lincoln Goodale greets visitors to the south end of his park.