Fun Forest sits at the base of the Seatle Space needle and was originaly the midway of the 1962 World's Fair which ran from 4/21/1962 to 10/21/1962. At the time of the fair the park was called "Gayway".

Fun Forest's lease with the city was to be up in 2014, but the park made a deal with the city in which the lease would be shortened in exchange for reduced rent.