Skyvue Explained

Skyvue
Location:Las Vegas Strip, Paradise, Nevada
Status:Construction abandoned, plot advertised for sale[1] [2]
Height:500feet (proposed)
Opening:Late 2012 (developer's original 2011 prediction)[3]
Building Type:Ferris wheel

The Skyvue Las Vegas Super Wheel[4] (also capitalized SkyVue[5]) is an unfinished giant Ferris wheel near the Mandalay Bay Hotel and Casino on the Las Vegas Strip in Paradise, Nevada, US. Only the concrete pillars were built. Construction of the wheel and the proposed larger 3-phase project for the site — London, Las Vegas — was abandoned, and the plot was sold in 2020 and then advertised for sale again in 2022.

London, Las Vegas, as suggested by the official website, was to be a 38.5-acre property featuring 1,300 hotel rooms, a casino, the Skyvue wheel and 550,000 square feet of restaurants and shops—all of which would be architectural replicas of various British landmarks and neighborhoods.[6]

The Skyvue wheel, being "Phase I of London, Las Vegas" was intended to feature a large display billed as the "largest outdoor advertising LED screen in the world".

History

Skyvue was originally announced as being planned to be 145m (476feet) tall,[3] [7] but was later reported to potentially be 150disp=flipNaNdisp=flip[5] or 152.4disp=flipNaNdisp=flip.[8] [9] [10] Approved by Clark County Commission in March 2011,[11] it was announced at a media event and groundbreaking ceremony in May 2011 by Howard Bulloch of Compass Investments, who stated "we expect it to be up and running in time for New Year's 2012".[3] [12] The Happi Inn motel was demolished to make way for the Ferris wheel.[13] It was originally expected to have 40 gondolas, each carrying 20-25 people,[4] but in March 2012, when 1,300 cubic yards of concrete foundations were poured it was reported that there would only be 32 gondolas, each carrying 24 passengers, and that it would not open until July 4, 2013.[14] [15]

On March 5, 2012, Shotgun Creek Investments, headed by Wayne Perry, announced their involvement in the $300 million project. Shotgun Creek "invested tens of millions" into the project according to a statement from Skyvue.[16]

In May 2012, the estimated opening date was further put back to late 2013,[9] [10] [17] at which time it was also reported that construction of the two main support columns had reached a height of 18.3disp=flipNaNdisp=flip.[9] In July 2012, it was reported that Skyvue was scheduled to open on New Year's Eve, 2013, and that its support columns, which had reached a height of about 610NaN0, should be completed within a month.[18] In early 2013, Shotgun Creek made two loans totaling $9 million in the project.[19]

A March 2013 update indicated the spindle and yoke were being assembled off site and would be installed "shortly".[20] In July 2013, the developer stated "we anticipate construction to resume in the next couple of months".[21] The projected opening was delayed until mid-2015. In January 2014, all scaffolding was removed from the columns, furthering speculation that the project would never be finished.[22]

By November 2015, the property and unfinished Skyvue had been put up for sale. It was put up for sale again in 2020,[23] and was sold to Perry later that year.[24] [25] He put the site up for sale in 2022.[26]

See also

Notes and References

  1. http://vegasinc.com/business/real-estate/2015/nov/24/site-of-stalled-skyvue-observation-wheel-for-sale/ Site of stalled SkyVue observation wheel for sale on the south Strip
  2. http://www.reviewjournal.com/business/skyvue-wheel-plan-grounded-developer-hopes-profit-regardless SkyVue wheel plan grounded, but developer hopes to profit regardless
  3. http://overheadbin.nbcnews.com/_news/2011/08/17/7388556-high-stakes-for-dueling-vegas-observation-wheels High stakes for dueling Vegas observation wheels
  4. https://web.archive.org/web/20120403074328/http://www.icsc.org/2011SC/exhibitor_news.php?t=display&i=75&c=1004585 Skyvue Las Vegas to Soar 500 Feet above Strip - For Immediate Release
  5. http://skyvuelasvegas.com/ skyvuelasvegas.com
  6. http://skyvuelasvegas.com/overview/london-las-vegas London, Las Vegas project overview
  7. http://www.denverpost.com/business/ci_19345081 Colorado's Leitner-Poma to build cabins for huge observation wheel in Las Vegas
  8. http://english.eastday.com/e/120727/u1a6736090.html Las Vegas to build world's tallest observation wheel
  9. http://www.lasvegassun.com/news/2012/may/22/developers-begin-next-construction-phase-skyvues-5/ Developers begin next construction phase for SkyVue's 500-foot wheel
  10. http://www.prnewswire.com/news-releases/skyvue-las-vegas-observation-wheel-completes-first-phase-of-construction-breaks-ground-on-retail--dining-district-152574305.html SkyVue Las Vegas Observation Wheel Completes First Phase Of Construction, Breaks Ground On Retail & Dining District
  11. http://www.vegasinc.com/news/2011/may/23/las-vegas-developer-breaks-ground-500-foot-ferris-/ Las Vegas developer breaks ground on 500-foot Ferris wheel project
  12. http://travel.usatoday.com/destinations/dispatches/post/2011/05/plans-for-a-london-eye-style-mega-ferris-wheel-in-vegas/171542/1 Dueling mega-Ferris wheels in Vegas
  13. News: Strip motel razed to make way for Skyvue observation wheel . 2022-10-12 . Las Vegas Business Press . 2011-05-23 . subscription.
  14. http://www.grouptourmagazine.com/news/75918-SkyVue-sets-foundation-in-Las-Vegas.html SkyVue sets foundation in Las Vegas
  15. http://www.lvrj.com/business/skyvue-wheel-developers-begin-pouring-foundations-141151423.html SkyVue wheel developers begin pouring foundations
  16. http://www.lvrj.com/business/investor-gives-rivalry-of-wheels-a-new-spin-167156205.html Investor gives rivalry of wheels a new spin
  17. http://www.adweek.com/news/advertising-branding/new-kind-branding-spin-140896 A New Kind of Branding Spin
  18. http://www.casinocitytimes.com/article/caesars-pushing-forward-with-high-roller-observation-wheel-61124 Caesars pushing forward with High Roller observation wheel
  19. http://www.reviewjournal.com/business/bullochs-big-wheel-long-shot-and-getting-longer Bulloch's big wheel long shot, and getting longer
  20. http://skyvuelasvegas.com/current-state Skyvue Las Vegas current state
  21. http://www.vegasinc.com/news/2013/jul/03/one-end-strip-giant-wheel-takes-shape-other-constr/ On one end of the Strip, a giant wheel takes shape; on the other, a construction site sits quiet
  22. http://www.vegaschatter.com/story/2014/1/16/134724/490/vegas-travel/And%2C+Now+Your+SkyVue+Scaffolding+Update... And, Now Your SkyVue Scaffolding Update...
  23. News: Segall . Eli . Abandoned property on Las Vegas Strip for sale again . 2020-08-10 . Las Vegas Review-Journal . 2020-05-04.
  24. News: Segall . Eli . Investor in failed Las Vegas Strip Ferris wheel project taking ownership . 2020-08-10 . Las Vegas Review-Journal . 2020-07-31.
  25. News: Segall . Eli . No word yet on plans for site of failed SkyVue project . 2020-08-10 . Las Vegas Review-Journal . 2020-08-08.
  26. News: Segall . Eli . Failed Ferris wheel project site on Strip for sale again . 2022-10-12 . Las Vegas Review-Journal . 2022-05-14.

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