The New York Wheel’s demise marks one of the largest EB-5 failures ever

The New York Wheel is officially dead, putting an end to an ambitious project that was marred by years of delays, cost overruns and infighting. Project spokesperson Cristyne Nicholas announced the decision on Tuesday. The news was first reported by the Staten Island Advance. “After years of planning, the developers of The New York Wheel announce, with great disappointment, that the dream of building a world class attraction in Staten Island will unfortunately not come … Continue reading The New York Wheel’s demise marks one of the largest EB-5 failures ever