Great Wheel Corporation receiver and manager of the company's charged assets. Great Wheel Corporation Great Wheel Corporation was a company engaged in the development, building, financing, and operation of Ferris wheels, which they often termed "observation wheels" or "observation platforms". Great Wheel Corporation, registered in Singapore as GWC Holdings, was a consultant for the Singapore Flyer, the world's tallest Ferris wheel since it was completed in 2008. Florian Bollen was chairman of both Great Wheel Corporation and Singapore Flyer Pte Ltd. The Singapore Flyer went into receivership in May 2013. In 2009, Great Wheel Corporation merged with World Tourist Attractions to form Great
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