Failed New York Wheel tries to roll again with the help of EB-5

  • Written by GCBI Team Posted on July 17, 2020 | Updated on July 16, 2020 | 1 min read

After seven years and about a billion dollars, New York’s plans for a 630-foot observation wheel finally bit the dust. 412 EB-5 investors sunk $206 million into the project that ended up selling parts for pennies on the dollar. Now, a new plan to build a wheel similar to the 443-feet London Eyes is being touted — and EB-5 money could once again be part of the plan. 

Read the SILive article