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read moreLuna Park Melbourne’s Luna Palace is being restored via a $5 million investment from the Victorian Budget 2025/26 along with a co-contribution of $17 million from the site manager Luna Park Melbourne.
Works are already underway and it is expected the Luna Palace building will be open for business by November.
For decades the Palace Building was home to attractions central to Luna Park's appeal including the Penny Arcade and Dodgems, in more recent times however the more than 100-year-old building has fallen into disrepair and been closed to the public for safety.
With this new injection of funding the former arcade space and function venue will be reopened and expanded to host events and be an ongoing revenue source to sustain the park into the future.
800,000 people visit Luna Park annually which helps support over 250 jobs at Luna Park and draws visitors to surrounding businesses at cafes, restaurants, bars and shops.
In operation since 1912, Luna Park is the oldest amusement park in Australia and one of the few heritage amusement parks left in the world with 20 rides in operation, including the award-winning Carousel which was built in 1913.
The Great Scenic Railway is one of the world's oldest continually operating roller coaster operating under its original mechanism and has been voted as one of the top eight roller coasters worldwide.
Victorian Minister for Environment Steve Dimopoulos noted "Luna Park is an important part of Melbourne's history, with the help of this funding it can not only return to its former glory but grow and thrill new generations.
"We are so lucky to have places like this in Melbourne which are nationally and internationally significant and we are proud to make sure it continues to be a family favourite for locals and international visitors to our great state."
24th May 2025 - Luna Park Sydney and Netflix partner to launch ‘Stranger Things’ immersive adventure
5th May 2025 - Luna Park Melbourne’s historic Carousel secures prestigious award
14th March 2025 - Luna Park Sydney opens restored wild mouse rollercoaster
27th February 2025 - Luna Park Sydney’s new owners raise funds for improvements
2nd December 2024 - Luna Park Sydney acquired by hospitality business Oscars Group
10th September 2024 - State Coroner suppresses NSW Police’s latest review of 1979 Luna Park Ghost Train fire
6th August 2024 - Luna Park Sydney to introduce Lite-Brite toy immersive experience
26th June 2024 - Luna Park Sydney put up for sale
26th April 2024 - Towers at Luna Park Melbourne undergo restoration
14th December 2022 - Luna Park Melbourne celebrates 110 years of history
12th November 2022 - Luna Park Melbourne’s ‘Mr Moon’ entrance gets a facelift
22nd November 2021 - Luna Park Sydney counts down to opening of new Big Dipper ride
4th June 2021 - Staff shortages set to impact opening of Luna Park Sydney’s new rides
26th April 2020 - Luna Park Sydney seeks approval for new temporary attractions and rides
27th December 2019 - Mary Stuart to step down as Chief Executive of Luna Park Melbourne
29th November 2019 - Luna Park Melbourne introduces new rides for summer
15th September 2019 - Melbourne’s Luna Park introduces new attractions for spring school holidays
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