"One thing we're being clear to rule out is any kind of property development in this park. We have made it clear that is not happening,"he said.

"[The plan] will then lead into council's budget process so that we can include new funding for Victoria Park going forward in the new financial year."

The draft masterplan promises mountain bike tracks,high ropes courses and a vegetable patch.

It also features a 1.4-hectare lake,skate park,tennis courts,a children's water park and a canopy walk and tree house.

The 18-hole golf course will be closed after the council found a 16 per cent decline in use.

The function centre,golf club,driving range and putt-putt course would remain due to their popularity.

Cr Schrinner said the council was planning to deliver a new public golf course in Cannon Hill.

Residents can have their say on the draft masterplan by visiting the Brisbane City Council website.

Cr Schrinner said more than 5500 ideas for the space had already been submitted.

"What the community has put forward will generate a truly iconic world-class park here in Brisbane,"he said.

"This will be the largest park created in 50 years and it will be one that will serve our community for generations to come."

Opposition leader Jared Cassidy said King George Square's refurbishment was one example of a Labor council's vision for public spaces.

"That used to be the green heart of the city of Brisbane,"he said.

"When the LNP got in and did the redevelopment,they turned that into a private enterprise space."

Consultation will be open until April 28.