Economics
NYC Plans World’s Largest Ferris Wheel on Staten Island
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The world’s largest Ferris wheel will be part of an almost $500 million development on Staten Island that will also feature an outlet mall and hotel next to an existing minor-league baseball stadium, New York City officials said.
The tentatively named New York Wheel will be a short walk from the Staten Island Ferry, the city’s third-most-popular tourist attraction, Mayor Michael Bloomberg said today. It will stand 625 feet (190 meters) high, exceeding by 84 feet the Singapore Flyer and by 75 feet a planned wheel in Las Vegas.