Skyvue

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Skyvue
General information
Status Construction abandoned, plot advertised for sale[1][2]
Type Ferris wheel
Location Las Vegas Strip, Paradise, Nevada
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Opening Late 2012 (developer's original 2011 prediction)[3]
Height 500 feet (152.4 m) (proposed)
Website
http://skyvuelasvegas.com

Skyvue Las Vegas Super Wheel[4] (or SkyVue - the official website uses both forms[5]) is an unfinished giant Ferris wheel near the Mandalay Bay Hotel and Casino on the Las Vegas Strip in Paradise, Nevada, US. As of 2016, only the concrete pillars have been built. Construction of the wheel and the proposed larger 3-phase project for the site — London, Las Vegas — have been abandoned, and the plot has been advertised for sale.[1][2]

London, Las Vegas, as suggested by the official website, was to be a 38.5-acre property featuring 1,300 hotel rooms, a casino, the Skyvue wheel and 550,000 square feet of restaurants and shops—all of which would be architectural replicas of various British landmarks and neighborhoods.[6]

The Skyvue wheel, being "Phase I of London, Las Vegas" was intended to feature a large display billed as the "largest outdoor advertising LED screen in the world".[5]

Construction

Skyvue under construction, early August 2012

Skyvue was originally announced as being 476 ft (145 m) tall,[3][7] but has since been reported to be 490 ft (150 m)[5] and 500 ft (152.4 m).[8][9][10] Approved by Clark County Commission in March 2011,[11] it was announced at a media event and groundbreaking ceremony in May 2011 by Howard Bulloch of Compass Investments, who stated "We expect it to be up and running in time for New Year's 2012."[3][12] It was originally expected to have 40 gondolas, each carrying 20-25 people,[4] but in March 2012 when 1,300 cubic yards of concrete foundations were poured it was reported that there would only be 32 gondolas, each carrying 24 passengers, and that it would not open until July 4, 2013.[13][14]

In May 2012, the estimated opening date was further put back to late 2013,[9][10][15] at which time it was also reported that construction of the two main support columns had reached a height of 60 ft (18.3 m).[9] In July 2012 it was reported that Skyvue was scheduled to open on New Year's Eve, 2013,[16] and that its support columns, which had reached a height of about 61 m (200 ft), should be completed within a month.[17] A March 2013 update indicated the spindle and yoke were being assembled off site and would be installed "shortly".[18] No construction has taken place since that update. In July 2013 the developer stated “We anticipate construction to resume in the next couple of months.”[19] Projected opening has been delayed until mid-2015.[20] In January 2014, all scaffolding was removed from the columns, furthering speculation if the project will ever be finished.[21]

Financing

On March 5, 2012, Shotgun Creek Investments, headed by Wayne Perry, announced their involvement in the $300 million project. By August 2012 they had "invested tens of millions" and may put in more, according to a statement released by SkyVue.[22] In early 2013 Shotgun Creek Investments made two loans totaling $9 million in the project.[20]

See also

  • Voyager, a giant Ferris wheel proposed several times for Las Vegas, but never built.

References

  1. ↑ 1.0 1.1 Site of stalled SkyVue observation wheel for sale on the south Strip
  2. ↑ 2.0 2.1 SkyVue wheel plan grounded, but developer hopes to profit regardless
  3. ↑ 3.0 3.1 3.2 High stakes for dueling Vegas observation wheels
  4. ↑ 4.0 4.1 Skyvue Las Vegas to Soar 500 Feet above Strip - For Immediate Release
  5. ↑ 5.0 5.1 5.2 skyvuelasvegas.com
  6. ↑ London, Las Vegas project overview
  7. ↑ Colorado's Leitner-Poma to build cabins for huge observation wheel in Las Vegas
  8. ↑ Las Vegas to build world's tallest observation wheel
  9. ↑ 9.0 9.1 9.2 Developers begin next construction phase for SkyVue's 500-foot wheel
  10. ↑ 10.0 10.1 SkyVue Las Vegas Observation Wheel Completes First Phase Of Construction, Breaks Ground On Retail & Dining District
  11. ↑ Las Vegas developer breaks ground on 500-foot Ferris wheel project
  12. ↑ Dueling mega-Ferris wheels in Vegas
  13. ↑ SkyVue sets foundation in Las Vegas
  14. ↑ SkyVue wheel developers begin pouring foundations
  15. ↑ A New Kind of Branding Spin
  16. ↑ World's tallest observation wheel given the green light to be a high roller on Vegas strip
  17. ↑ Caesars pushing forward with High Roller observation wheel
  18. ↑ Skyvue Las Vegas current state
  19. ↑ On one end of the Strip, a giant wheel takes shape; on the other, a construction site sits quiet
  20. ↑ 20.0 20.1 Bulloch's big wheel long shot, and getting longer
  21. ↑ And, Now Your SkyVue Scaffolding Update...
  22. ↑ Investor gives rivalry of wheels a new spin

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