It opened in 1997. The city of Osaka is invested in the park, but the theme park was originally managed by a private company which went bankrupt in 2004, and has since been managed by the municipal government of Osaka. In 2007, the local authorities decided to put the property up for sale.
Festivalgate is now closed and was demolished on 19 March 2012. In late 2014 a new building on the site opened containing a Maruhan entertainment center and a Mega Donki outlet.
- "Osaka govt decides to sell failed Festivalgate facility". Daily Yomiuri Online. The Yomiuri Shimbun. 2007-05-28. Retrieved 2007-06-23.[dead link]
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