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Approved: World’s Largest Ferris Wheel Project

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A prospective view of the New York Wheel.
A prospective view of the New York Wheel.
New York’s Community Board 1 signed off on plans to move forward in building the world’s largest Ferris Wheel.

However, the Tuesday, June 11, approval has some conditions.

It requires 100 percent of the city’s revenue from the lease to be used for improvements in that borough.

Putting that money back into the borough “will enhance the quality of life of people living in area, commuters, and tourists,” CB1 chairwoman Leticia Remauro told the Daily News.

Community Board 1’s most recent approval is just another hurdle developed have overcome in the city’s ULURP. The board’s requirements are non-binding unless they are backed by the City Council, the City Planning Commission, the Staten Island Borough President and the Mayor.

Meanwhile, Mayor Michael Bloomberg has already promoted the project and the commission, which he selects, usually votes in his favor. The City Council is expected to vote on the proposal within the next few months.

“The majority of our conditions are based on the council’s vote,” CB1 Land Use committee chair Vincent Accornero told the Daily News. “The projects would create trickle-down economic benefits for the area.”

The New York Wheel, which is set to stand at a whopping 625 feet, will include a view of the Statue of Liberty, New York Harbor and the Manhattan skyline.

The $500 million project is scheduled to be developed with Empire Outlets, which would be Manhattan’s first outlet mall.

The New York Wheel, which is set to stand at a massive 625 feet, is slated to be developed with Empire Outlets, which would be the city’s first outlet mall.

Likewise, this isn’t the first jet setting Ferris wheel. History shows that many other giant Ferris wheels were successfully built in the past. China’s 525-foot-tall Star of Nanchang and Singapore’s 541-foot Singapore Flyer have been garnered success with tourists.

Still, there are the unsuccessful projects that never “got off the ground”, including Ia 682-foot-tall wheel that was supposed to open in Beijing in 2008 that was never finished. There were also highly buzzed about projects in Dubai, Berlin, Orlando, Fla., and Jeddah, Saudi Arabia, that have all being suspended indefinetly.

“These are expensive and difficult, big projects,” said Wil Armstrong, the North American representative for Starneth, an engineering company that is providing the designs for the New York wheel.

“Every city, it seems, of any size, has thought about it. But wanting to do and actually doing it is a large step,” he told the Daily News.

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