CEO: $500M NYC Ferris wheel project hinges on new approval

AP News
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Posted: Sep 10, 2015 8:09 AM

NEW YORK (AP) — 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 (http://bit.ly/1IZDdXV ) 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.

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Online:

http://newyorkwheel.com/

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Information from: Staten Island Advance, http://www.silive.com