Will NY Wheel Out-Earn Empire State Bldg?

“I see nothing in space as promising as the view from a Ferris wheel,” E.B. White once said. It turns out, developers in Staten Island feel similarly about their own giant wheel.

The New York Wheel is projecting first-year pre-tax revenues of a whopping $127.85 million in 2017, sources told The Real Deal. Those projections would make the wheel, Staten Island’s hotly-anticipated tourist attraction, more lucrative than the Empire State Building’s famed observatory deck, which took in $111.5 million in revenue last year.

Read the rest of the story on The Real Deal.