How Prince's Island Park got its name and became an island Calgary's Prince's Island Park was named for Peter Anthony Prince from Quebec who used the area for his burgeoning work in the lumber and hydroelectricity industries. Social Sharing CBC News · Posted: Jan 09, 2021 5:00 AM MT | Last Updated: January 9 View of the Bow River looking west, showing Prince's Island and Prince's Mill. This photo was taken in August 1893.(Courtesy of Archives and Special Collections, University of Calgary)