Cacciatore, appointed by Argentina's last military government, envisaged the park as the centerpiece of efforts to revitalize the dilapidated Villa Soldati ward.

[2] Construction began at the end of 1978, planned on a 120-hectare (296 acres) empty lot near the Parque Zoofitogeografico (an arboretum), in Villa Soldati.

This displaced soil was then repurposed in features such as lakes, hills, and valleys, as well as for the rides’ foundations and the park's roadways.

Trevi constructed the extensive pilings for the foundations of the following structures: Metal reinforcements for concrete were placed into the 35 meter (115 foot) deep holes, and these were filled with bentonite, a clay-like mineral, to absorb groundwater.

Approximately 10 metres (33 feet) below the piles, the ground was composed of puelchense, a layer of very hard material unique to the topography of Buenos Aires.

Its sixty attractions included the Aconcagua roller coaster, the Scorpion double giant wheel, Vertigorama double roller coaster (which never opened as not all parts were delivered [3]), Aerogondolas (the longest Sky Ride in Latin America), the musical fountain, and a miniature railway circulating around the perimeter of the park.

The park struggled with setbacks from before its opening, The 1980 bankruptcy of the chief stockholder in Interama, Banco Sidesa, delayed the inaugural.

[5] Years of litigation culminated in November 2000 in a US$2 billion ruling in favor of Interama and against the city for a breach of contract stemming from the 1983 lease rescission.

[8] The project drew criticism from Villa Lugano-area Congressman Alejandro Bodart, who pointed to Macri's decision to collect below-market user fees from Quilmes Rock (180,000 pesos - US$31,000 - per event) as well as the mayor's plan to dismantle the park's abandoned rides.

[8] The defunct amusement park was chosen by city authorities to serve as the main location for the 2018 Summer Youth Olympics.

The bidding process was thus announced on March 27, 2014, for the construction an olympic village with 1,440 apartments to house athletes and staff, as well as numerous venues for the games themselves, including the Predio Ferial Olímpico.