STATEN ISLAND, N.Y. -- Mayor Michael Bloomberg is along for the ride. On his radio show today, Bloomberg climbed on board with plans to build the world's biggest Ferris wheel on the North Shore of ...

The big wheel keeps on burning — through cash. The cost of the New York Wheel project on Staten Island is nearing $600 million, more than $300 million over its original estimate.

Developers officially pulled the plug Tuesday, the end of ongoing battles over funding, meaning the New York Wheel project will not be coming to the borough's North Shore.

The giant Staten Island Ferris-wheel project is spinning out of control. The design team building the 630-foot-high New York Wheel on the borough’s north shore got into a bitter pay dispute with ...

On Wednesday, New York state comptroller Thomas DiNapoli outlined new construction and more jobs for Staten Island, realizing the wheel helped attract development.

NEW YORK (CBSNewYork) – The six-year effort to build a giant Ferris wheel on Staten Island is now over. The developers of the "New York Wheel" said Tuesday that their dream of building the ...

Instead, the island and steamships were purchased by the Browning family. They transformed the island into an amusement park, including a coaster, Ferris wheel, fun house and more.

Instead, the island and steamships were purchased by the Browning family. They transformed the island into an amusement park, including a coaster, Ferris wheel, fun house and more.

The Big Apple is getting another "biggest": the world's tallest Ferris wheel, part of an ambitious plan to draw New Yorkers and tourists alike to the city's so-called "forgotten borough." The 625 ...

The proposal to build a giant Ferris wheel on Staten Island isn't the first time investors have had a vision of a tourist-friendly attraction turning above the New York's iconic harbor.