The wheel will be on the southeast corner of Las Vegas Blvd. and Mandalay Bay Dr. and should be completed in 18 months. The wheel will be a 500-foot observation wheel that will be able to accommodate more than 800 riders for a great view of the Strip. It will be larger than the London Eye. The middle of the wheel will be 50,000 square feet of LED lights for advertising.
"I know a lot of people have talked about wheels -- doing observation wheel projects in Las Vegas -- but no one's ever been willing to give up their really valuable Las Vegas Strip frontage to do a wheel," said Howard Bulloch, one of the Skyvue developers.
Aside from being 50-feet taller than Mandalay Bay, the gondolas, which will hold the riders, will be about the size of a typical home's family room. The ride will take 30 minutes and there will be an option to eat dinner in the glass-enclosed rooms.
"Because it's hard to see everything at once, like the whole Strip, so I think it would be really fun to see it from the top and see everything especially at night time," said Jillian Maenad, a tourist.
The groundbreaking will be at 8:30 a.m. with the wheel opening in Dec. 2012 or Jan. 2013.