Noticiero Latino del Condado de Orange. Maryana Gomez [Reporter/Editor]; Linda Ivanov [camera]. The Balboa Fun Zone celebrated its 75th Anniversary on September 24, 2011. Participants had the chance for one last ride on the carousel before it was dismantled and moved away. Carousels have been a part of the Fun Zone since the 1930s. The current carousel, installed in 1985, sits on property owned by the adjacent Nautical Museum. The museum has new, exciting plans for the space that they will announce at their annual gala in late October. So, it is farewell to the carousel