Beijing Great Wheel Beijing Great Wheel The Beijing Great Wheel, () a tall giant Ferris wheel, was to have been constructed in eastern Beijing's Chaoyang Park, one of the 2008 Summer Olympics venues. If it had been built, it would have become the world's tallest Ferris wheel, superseding the Singapore Flyer (world's tallest 2008-2014). The Great Wheel Corporation originally forecast the wheel would start turning on August 1, 2008, one week in advance of the Beijing-hosted 2008 Summer Olympics. In 2007, Chinese state media reported that construction had begun, with completion delayed until 2009 due to design issues. Completion was subsequently rescheduled for
Ferris wheel developers did not get funding by January 2019, the project would be canceled and no further funding extensions would be given.On September 21, 2018, mayor Bill de Blasio said that the now-$900-million project would not receive a bailout from the city because it was too risky to support the project with bonds. As such, the city would not support tax free status for a $380 million bond sale to complete the project. Investors refused to proceed with construction without city support, and stated that it would allow the parts for the Ferris wheel to be auctioned off if the city