New York to get world's biggest Ferris wheel

Construction should finish in 2014, with rides starting the following year, Mayor Michael Bloomberg announced Thursday.
"The New York Wheel will be an attraction unlike any other in New York City -- even unlike any other on the planet. It will offer unparalleled and breathtaking views, and is sure to become one of the premier attractions in New York City," he said.
The current record holder is the Singapore Flyer at 541 feet (165 meters).
Even the High Roller, being built in Les Vegas, will lose out. It is planned for just 552 feet (168 meters).
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