 To the south is Spa World and the now-closed Festival Gate, a compact amusement park built to rejuvenate Osaka's most run-down area.Instead of trying to blend the park into Shinsekai, its construction resulted in virtually barricading it from the surrounding neighbourhood.It remained open for nearly seven years but in February 2004 a joint-venture behind the operation went into bankruptcy, effectively shutting down the complex for the most part.