The Real Deal New York

Revenue predictions for the New York Wheel are as big as the attraction: VIDEO

Developers think giant wheel will be more popular than Empire State Building observatory

December 17, 2015 03:55PM
By Alistair Gardiner

Staten Island may soon turn into a must-visit tourist destination — at least the developers of the New York Wheel think so.

Predictions made by the project’s developers call for $127.85 million in first-year, pre-tax revenues, which would make the attraction more lucrative than the Empire State Building’s famed observatory. For a closer look at these projections, watch the above video or visit The Real Deal‘s YouTube page.