CEO: $500 million NYC Ferris wheel project hinges on approval for proposed revisions

NEW YORK, N.Y. – The head of a $500 million Ferris wheel project on Staten Island says it could be scrapped unless proposed revisions are approved.

The Staten Island Advance ( ) says CEO Rich Marin made the remarks Wednesday after a city Planning Commission meeting.

Construction is already underway.

The New York Wheel project was approved by the city in 2013. It’s now back in the public-review process because the developer has proposed changes, including the parking garage, power system and terminal. New plans would also shrink and relocate a public playground.

The 630-foot-tall observation wheel has been scheduled to open for business in 2017. Up to 1,400 passengers at a time would view the scenery of New York City, New Jersey and beyond during a slow-moving, 38-minute ride.




Information from: Staten Island Advance,