A giant Ferris wheel that was supposed to lure tourists to New York City’s least populous borough has been grounded.
A spokeswoman for the New York Wheel developers confirmed Tuesday that the 630-foot wheel planned for the Staten Island shorefront “will unfortunately not come to fruition.”
The developers have been battling contractor Mammoet-Starneth in court since the project was halted in May 2017. The developers did erect four 100-ton pedestals, as well as a 325,000-square-foot garage structure, providing 950 parking spaces.
The New York Wheel was one of several giant Ferris wheels planned for sites around the world following the success of the 443-foot London Eye.
A total of $450 million in private funds had been invested in the wheel. Some $206 million came from EB-5 investors hoping to win U.S. citizenship.