A rendering of a giant Ferris wheel on Staten Island, which is partially funded by Chinese investors seeking green cards.
New York is building one of the biggest Ferris wheels in the world, and it's partly funded by Chinese investors hoping for U.S. green cards.
The wheel, under construction on Staten Island, will stand 630 feet high when it's completed in two years, according to Travis Noyes, chief marketing officer at New York Wheel, the firm developing it. Its 36 pods will hold about 40 people each, offering panoramic views of the New York skyline during a slow rotation.
The idea is to capitalize on the two million-plus tourists who ride the Staten Island ferry each year past the Statue of Liberty, but never get off and spend money on the island itself. The wheel will cost $35 per person to ride and is just one attraction at the site, which will also include an outlet mall, hotel and restaurants.
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