Clark County unanimously approved the 500 foot Ferris wheel and theme park. The Vegas Ferris Wheel will be constructed across from the Mandalay Bay. The complex will cover 10 acres at Las Vegas Boulevard and Mandalay Bay road.
The new facility may feature a roller coaster and six additional rides, a 140,000 sq ft retail complex and a 21,000 sq ft conference center. The site has a total of 38 acres.
Howard Bulloch of Compass Investments states that the estimated will be in excess of $100 million. Also, the FAA has given initial approval for the wheel, but has not yet signed off on the final plan.
A temporary 200-foot-tall Ferris wheel would be erected first and replaced with the full-sized sky wheel.
The Ferris wheel would have 40 heated and air-conditioned gondolas, that hold up to 25 people. The gondolas will have an amazing panoramic views, food and drinks. We are not sure if there will be adult beverages, but considering this is the Vegas Ferris our bet will be yes. A gondola would take half an hour to rotate
The Skyvue Wheel in Vegas may have some competition. Caesars Entertainment was planning “Linq” a $500 million entertainment, retail area that includes another Ferris wheel. Caesars Ferris wheel complex will run between the Imperial Palace and the Flamingo, which we think will be a tight squeeze. Bulloch said he is aware of Caesars’ plans. but whoever builds a sky wheel first wins, he said.
Commissioner Lawrence Weekly said it would provide entertainment to children, something lacking in the Las Vegas valley. Our concern is that Vegas is trying to be the Vegas of the 90′s and making Vegas a kid friendly place. We have seen too many children wandering around the casinos in Vegas, while there parents are gambling.
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