facebook
twitter
rss
account
search
search
 

New York plans 625-foot Ferris wheel

Sept. 27, 2012 at 3:31 PM   |   Comments

NEW YORK, Sept. 27 (UPI) -- New York Mayor Michael Bloomberg announced plans Thursday to build the world's largest Ferris wheel, measuring 625 feet tall.

Bloomberg said the $230 million New York Wheel will be part of a retail and hotel complex designed to bring nearly $500 million in private investment to Staten Island's St. George waterfront, the Staten Island Advance reported Thursday.

"Our administration has made major investments all along the North Shore of Staten Island, because we know this area is full of potential for economic growth," Bloomberg said. "But this newest plan is the most exciting of all -- it's a once-in-a-generation opportunity for economic development."

The Ferris wheel, which is expected to be completed by the end of 2015, would top the current world record holder, a 541-foot wheel in Singapore.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Police: Woman said Jesus would pay her bill Police: Woman said Jesus would pay her bill
2
'Ghost' caught on camera at medical center 'Ghost' caught on camera at medical center
3
Police help burglary caller with math homework Police help burglary caller with math homework
4
'Zombie-proof' cabin being sold online 'Zombie-proof' cabin being sold online
5
Watch: Robber bugs clerk, gets sprayed with Raid Watch: Robber bugs clerk, gets sprayed with Raid
Trending News
Around the Web
x
Feedback