"Rockets" and "lighthouses" such as this were a classic piece of playground equipment when I was a boy. In fact there was one almost exactly like this at the elementary school I attended in Anaheim in the 70s. It too was removed around 1989 for more plasticrap replacement. We used to climb to the top floor and shake the thing back and forth as hard as we could, thinking we might be able to bring it down. Some years later they would weld shut access to the top two floors There was also large iron discs that could be turned around up top to simulate the "light". It made such a racket that they welded it in place as well. I liked to climb up inside the bars of the roof where there was a small area to perch.
If you have any pictures of this kind of thing from your hometown that you would like to share, scan them in and email them to us and we'll post them here for all to see.
NEXT - Rocketship Park - Torrance, CA
Here are some other sites with similar pictures;
Here is a great website dedicated to the concrete playground art of Benjamin Dominguez whose work has been preserved at a few Southern California playgrounds.
A great blog post about 70s playgrounds at Vintage Kiddo
Scrubbles.net - playground rocket photo
Dreamlandscapes.com - playground rocket photo
Park Monster, So Cal '67 @ Charles Phoenix.com