At opening, the avenue honoured an initial 73 inductees elected by the Hong Kong Film Awards Association and the readers of City Entertainment.

It was announced in August 2015 that the Leisure and Cultural Services Department of the Hong Kong government would redevelop and expand the avenue jointly with the company.

[3] The walkway, very popular with tourists, is to be closed off and relocated to the Tsim Sha Tsui East Waterfront Podium Garden temporarily for three years while the expansion is undertaken.

[5] Residents' groups and other development companies owning properties adjacent to the walk expressed discontent, whilst the LCSD claimed that consultations with the local district council had been favourable.

[7] On 31 January 2019, the Avenue was reopened to the public after three years of renovation, redesigned by New York High Line architect James Corner Field Operations (JCFO) together with other international and local designers.