遊樂場喺1988年起嘅，由市政局用咗5940萬元興建。原址包括喺1982年5月結業嘅啟德遊樂場、亞洲戲院同國寶戲院。遊樂場附近設有修建彩虹道體育館、彩虹道街市同熟食中心。
Since 1988, the playground has been built by the Urban Council with a cost of 59.4 million yuan. The original site included Kai Tak Playground, Asia Theatre and National Treasure Theatre, which closed in May 1982. In the vicinity of the playground are the Choi Hung Road Sports Centre, Choi Hung Road Market and Food Centre.