World’s largest Ferris Wheel for Staten Island? Developers push $500M plan in FLOOD ZONE

Posted at 2:35 PM, Jan 02, 2013
and last updated 2013-01-02 16:04:10-05

Developers are reportedly going full speed ahead with plans to build the world’s largest Ferris Wheel on Staten Island.

Developers haven’t shown any signs of slowing down — or scale back the $500 million project which includes an outlet mall and hotel.

Supporters say the borough needs the boost now more than ever, while critics question the wisdom of new construction in a flood zone.