Hello emubob,
A ground balance adjustment (if you had one) wouldn't mitigate heavy EMI. Ground balancing deals with mineralization within the ground matrix you are detecting in, EMI eminates from a variety of electrical sources near the area.
Reducing sensitivity as you tried, is usually the first attempted remedy. The other possible remedies mentioned above of using a smaller coil, or trying a frequency shift (if your detector is so equipped) may be of some help.
Going to All Metal mode could help, but, if it's a trashy park, you'd just be trading one misery for another. In Disc. mode you could try reducing the level of discrimination.
Determining the source of the EMI would be a big help! Something as easy as turning off your cellphone could do it. If you are near powerlines, standing directly under them is better that at a 30-40 degree angle away from them.
Those are mostly suggestions by Dave Johnson, a design engineer at First Texas. They are contained in an article he wrote, with much more about EMI. It would make a good read for you. It's on the Fisher website.
All that said, it could still possibly be a bad ground mineralization issue. In a park near me, there was fill put there that contained a whole bunch of small coke/flyash from a foundry. That stuff in large quantity will light up a detector too.