Mayor Bloomberg today will unveil plans to transform Staten Island’s waterfront by building the world’s largest Ferris wheel along with a new retail complex and hotel on sites adjacent to Richmond County Bank Ballpark in St. George. The New York Wheel will be built just to the north of the ballpark and be 625 feet tall – 84 feet higher than the Singapore Flyer, currently the tallest Ferris wheel in the world. — mikebloomberg.com

In a bid to bolster tourism in Moscow, plans are underway to build what could become the tallest observation wheel in the world. The graphic below breaks down the proposed wheel, possible locations and compares it to other giant observation wheels in the world. — blog.thomsonreuters.com