Karavolas park is pan-European example to imitate for the redevelopment of the previously degraded coastal front in Heraklion, Crete. Utilizing available European funds of the municipality, an area of 61 acres renovated which extends from the Pancretan Stadium and reaches the district of Karavolas.The renovation was awarded at an international conference in Malm., Sweden. There, Heraklion was distinguished among 49 cities for the result that the works of highlighting its urban coastline. The total renovation work focused on the west coastal front of the most populous Cretan city. This is the second distinction that Heraklion receives, as in January 2012 the city was awarded by the Council of Europe, in a competition for the award of good practices, on the theme "Renovation of European Coastal Cities".

The neighborhoods east of the central port used to be full of stumps, old and abandoned houses and buildings. In the same area there are now playgrounds, fountains and bike paths, as well as hundreds of trees and shrubs! The creation of new vacant spaces became possible only after the demolition of about 200 old buildings, a process that is usually an insurmountable obstacle to the completion of renovations in other Greek cities. In addition to the stumbling blocks, other larger buildings were demolished that ruined and discredited the city, such as the abandoned hotel "Xenia".

Inside the park there are 2 smaller parks. One is dedicated to the Russian cosmonaut Yuri Gagarin. The inauguration of which is part of the global celebration of the 85th anniversary of the birth of cosmonaut Yuri Gagarin, the first man to fly into space on April 12, 1961. In 2016, the bust of Yuri Gagarin was placed in the park. A smaller park is dedicated in the domestic dogs of the city which, accompanied by their owners, can play comfortably and safely.

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