Like the Utah Olympic Oval and Soldier Hollow, the park was designed and built specifically for the Olympic games, under the supervision of the Salt Lake Organizing Committee (SLOC). The 1989 Olympic referendum, which was passed by Utahns, allowed for tax payer money to fund a winter sports park, which would be used if Salt Lake City won its bid for either the 1998 or 2002 Winter Olympics; Olympic funds and revenue would then be used to repay the state. In 1990 the Utah Sports Authority announced their plans to build the park, which included ski jumps and a bobsled-luge track, in Bear Hollow near Park City. Before construction on the park began, it faced criticism from local landowners and citizens of Summit County, concerned over traffic and environmental effects. Construction got underway following a groundbreaking ceremony on May 29, 1991. The original estimated cost of the park was $26.3 million and included the ski jumps, bobsled-luge track, and a day lodge, all to be completed by September 1992. The majority of the park was designed and engineered by Eckhoff, Watson and Preator Engineering and its joint venture partner, Van Boerum & Frank Associates, all of Salt Lake City.
After Salt Lake City lost its bid to host the 1998 Winter Olympics in 1991, the Utah Sports Authority gained permission from the United States Olympic Committee (USOC) to slowdown construction on the park, extending its planned opening date. Four of the park's ski jumps (18, 38, 65 and 90 meters) were completed and opened on December 12, 1992, and were formally dedicated in a ceremony on January 9, 1993. On July 31, 1993 the summer training facilities at the park, which included a ski jumping pool, were dedicated. The park's day lodge, located near the base of the jumps, was completed in late summer 1993.
A groundbreaking ceremony on June 3, 1994 signaled the start of construction on the bobsled-luge track. The track was completed December 28, 1996 and its grand opening ceremony was held on January 25, 1997. The very first run on the new track was by luger Jon Owen on January 10, 1997. Following the completion of the track it was decided to reintroduce skeleton as an Olympic event during the 2002 Winter Olympics and plans called to use the track to host all three sliding events.
While construction was progressing on the track, Salt Lake City won its 1995 bid to host the 2002 Winter Olympics, and plans were developed to expand the park. On October 9, 1997 SLOC okayed the plan to spend an additional $48 million to upgrade and expand the recently completed park. The plans called for replacing and moving the existing 90-meter ski jump, and building a brand new 120-meter jump. Also the construction of starting houses on the track, chairlifts, storage buildings, new access roads, pedestrian bridges, parking lots, and sewer and water lines were all part of the expansion plan. The transform of the park began during the Summer of 1998, with the majority of expansion work completed by fall 2000. Ownership of the park was transferred from the Utah Sports Authority to SLOC on July 14, 1999. Soon after, in Spring 2000, the name "Utah Winter Sports Park" became the "Utah Olympic Park'.
The park still serves a training center for Olympic and development level athletes, as well as a recreational highlight in the state. Other facilities in addition to the Nordic jumps and bobsled track located at the park include a 2002 Winter Olympics Museum and Ski Museum in the Joe Quinney Winter Sports Center, a day lodge, summer aerial training jumps and splash pool, ziplines, and a mountain coaster.
Located within the Utah Olympic Park is the Joe Quinney Winter Sports Center. The center stands next to the day lodge and summer splash pool.
For many years the Alf Engen Ski Foundation had desired to construct a museum to honor legendary skier Alf Engen, and display his winter sports collection. It was decided to do this inside a future building at the park, also named for a skier, Joe Quinney. A site dedication ceremony for the privately funded Joe Quinney Winter Sports Center was held August 28, 1999, while construction didn't begin until after the actual groundbreaking on March 28, 2000. Following the building's completion, it was temporarily turned over to SLOC during a ceremony on September 18, 2001. During the games the center would be used by Olympic officials, members of the world media and athletes, then after the games, the building would be turned back over to the foundation. The cost of just the vacant building was $10 million, the majority of which was privately funded, but SLOC did contribute a percentage of construction costs so the building could be used during the games. The completed building was 29,000 square feet (2,700 m2) in size with three stories, and its concrete exterior was covered with Plexiglas (various figures and designs were etched into the Plexiglas).