The Plaza group isn't the only developer that's tried to put an observation wheel in New York.
WSJ: Ferris Wheel Eyed for Ferry Terminal
The center's developers are building a 287-foot-high Pepsi Globe, which will be the biggest observation wheel in North America.
FORBES: Magazine Article
The plan for the structure would make it the tallest "observation wheel" in the world, lifting visitors roughly 600 feet, the people said.
The London Eye opened in 2000 and started the trend, which continues with the High Roller and with attractions like the smaller 360 Pensacola Beach, a 200-foot-high observation wheel overlooking the Gulf of Mexico, which just opened in early July.
FORBES: World's Largest Ferris Wheel, "The High Roller," Is On Its Way To Las Vegas
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