Brass materials have been stolen from the West Basin's Henry Rolland Park facilities leaving an estimated $100,000 in damages.
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A City Renewal Authority statement said brass had been removed from 26 benches, 21 bollards, three bins and two drinking fountains.
"It is disappointing that someone would steal public assets and vandalise the park, created for the enjoyment of everyone," the statement said.
The authority said it was considering options to replace the stolen brass and restore the park.
"The City Renewal Authority is today working on making the area safe for the community to continue enjoying the waterfront community park."
City Renewal Authority chief executive Malcolm Snow said it was sad to see vandalism occurring at the park.
"We are disappointed that someone would steal public assets and vandalise the park, created for the enjoyment of people," Mr Snow said.
"The area has been made safe for the community to continue enjoying the waterfront community park."
The crime has been reported to ACT Policing. Witnesses are urged to contact ACT Policing.
