Sen. Charles Schumer, D-N.Y., and New York City Mayor Michael Bloomberg stand next to an artist rendering of a proposed Ferris wheel during a news conference on the Staten Island borough of New York, Thursday, Sept. 27, 2012. The proposed 625-foot Ferris wheel, billed as the world's largest, planned as part of a retail and hotel complex along the Staten Island waterfront in New York. The attraction, called the New York Wheel, will cost $230 million. Officials say the observation wheel will be higher than the Singapore Flyer, the London Eye, and a "High Roller" wheel planned in Las Vegas. Beyond the wheel is the Manhattan skyline.(AP Photo/Mary Altaffer)

Sen. Charles Schumer, D-N.Y., and New York City Mayor Michael Bloomberg stand next to an artist rendering of a proposed Ferris wheel during a news conference on the Staten Island borough of New York, ... more
Sen. Charles Schumer, D-N.Y., and New York City Mayor Michael Bloomberg stand next to an artist rendering of a proposed Ferris wheel during a news conference on the Staten Island borough of New York, Thursday, Sept. 27, 2012. The proposed 625-foot Ferris wheel, billed as the world's largest, planned as part of a retail and hotel complex along the Staten Island waterfront in New York. The attraction, called the New York Wheel, will cost $230 million. Officials say the observation wheel will be higher than the Singapore Flyer, the London Eye, and a "High Roller" wheel planned in Las Vegas. Beyond the wheel is the Manhattan skyline.(AP Photo/Mary Altaffer) less

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