The world's biggest Ferris wheel is to be built on Staten Island , in an ambitious attempt to draw tourists to what's sometimes known as the city's "forgotten borough," officials announced Thursday
The $230 million attraction, to be called the New York Wheel, is to grace a spot overlooking the Statue of Liberty, New York Harbor and the downtown Manhattan skyline. The 625-foot-tall structure will be the world’s tallest Ferris Wheel and would swing higher than the Singapore Flyer, the London Eye, and a "High Roller" wheel planned in Las Vegas.
Construction is expected to begin in early 2014 on the privately financed project, which also includes a 100-shop outlet mall and a 200-room hotel. The grand opening could come by the end of 2015.