[3] The Skyway closed in late 1957, its tallest tower of 60 feet tall was demolished and Matterhorn Bobsleds was built in its spot.

Despite popular belief, the Skyway was not closed due necessarily to the assessment of risk newly brought on by a park attendee who intentionally jumped out of the passenger cabin of a gondola into a tree below and sued Disney earlier that year.

[6] The sidewalks up to the station were simply chained off from guests, and the chalet remained empty, eventually hidden from view due to overgrown trees.

On May 11, 2016, the City of Anaheim approved a permit to The Walt Disney Company for the "demolition of 5,132 square feet for Skyway Building #7301",[7] signaling the likely demolition of the chalet, as land clearing for construction of Star Wars: Galaxy's Edge had reached the chalet's western side.

Several wrecked Skyway buckets and Matterhorn Bobsled vehicles from the park's history appear just past the top of the lift hill, torn to shreds and abandoned by the attraction's Abominable Snowman.

The Skyway gondola sold for $162,000 at the Heritage Auctions in 2022, claimed to be one of "the rarest Disney attraction vehicles to exist" and "everything on it is original.

This gondola system, which opened on September 29, 2019, connects four resorts, Caribbean Beach, Art of Animation, Pop Century and Disney's Riviera Resort, with two theme parks, Disney's Hollywood Studios and Epcot; the latter's station located at International Gateway, rather than the front entrance like the Hollywood Studios station.