The popular ground had its warrant of fitness taken away last season after the pitch was deemed to be below the required standard.
Yesterday, Otago Cricket Association chief executive Ross Dykes revealed the pitch still did not meet New Zealand Cricket's standard.
Gallaway broadcast from the venue up until he retired in 1993 and has many pleasant memories.
"When the banks were full of people and the sun was shining down it was just a wonderful atmosphere. And we never seemed to get rain, which was amazing," Gallaway said.
"I haven't any happier memories in 40 years of broadcasting."
"It is not for me to comment on the justification but naturally I'm very disappointed. Carisbrook and Molyneux Park would be my favourite grounds, without any question."
Some of Gallaway's fondest memories did not take place on the field. For years he wore the same "ragged old khaki shorts" to the ground.
"As the years went by and they got a wee bit disreputable and a wee bit tatty, they were the target of a lot of jokes.
"When I retired they presented me with a lovely painting of Molyneux Park and I replied by handing over my trousers. They had them framed and put on the wall."
Gallaway took joy in watching the great Otago team of the mid- and late '80s, in particular English professional Neil Mallender.
"One of the things I always associate with Molyneux Park is Neil Mallender. He was such a great asset to Otago cricket, not only because of his skills but because he gave us everything he had at all times.
"So often, on those days at Christmas and New Years, when you had temperatures in the late 20s, Neil Mallender kept trying. His accuracy and persistence will remain a memory. And Stephen Boock at the other end was a wonderful foil."
Otago and New Zealand wicketkeeper Barry Milburn's "sensational" and only first-class century also stood out in his memory.
