Six months after the New York Wheel was nixed, the city still has no plan for the vacant site. The NY Wheel has still not terminated its lease agreement with the city, the Staten Island Advance reported. It has accrued financial fees, including $2.3 million in deferred rent payments plus interest. During an unrelated press conference this week, Mayor Bill de Blasio said the New York Economic Development Corp. is leading planning efforts for the […]
source https://therealdeal.com/2019/05/02/city-still-has-no-plans-for-the-languishing-new-york-wheel-site/
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