Despite Jan. extension granted, NY Wheel parts could be auctioned in

After New York Wheel investors told the Advance this week they can't build the 630 foot tourist attraction without the city's help, the project was granted one last chance at mediation with its former contractor to advance construction.

The developer and its former contractor, the Holland-based Mammoet-Starneth, have come up with an amendment to the original settlement agreement -- extending the standstill period for getting the project back on track until early 2019.

Source: https://www.silive.com/news/2018/09/new_york_wheel_granted_extensi.html