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City still has no plans for the languishing New York Wheel site

Viji Durga  May 02, 2019   comments   Projects

Mayor Bill de Blasio and a rendering of the New York Wheel 

Six months after the New York Wheel was nixed, the city still has no plan for the vacant site.

The NY Wheel has still not terminated its lease agreement with the city, the Staten Island Advance reported. It has accrued financial fees, including $2.3 million in deferred rent payments plus interest.

Source: https://therealdeal.com/2019/05/02/city-still-has-no-plans-for-the-languishing-new-york-wheel-site/

Read more by clicking below image 

 

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