Plans for an amusement park that would feature a 500 foot Ferris Wheel have been approved by Clark County commissioners. The location is across the Strip from Mandalay Bay on the same site as the closed Cloud Nine balloon.
Plans for the amusement park call for up to seven rides with a possible expansion to include shopping, restaurants and convention space.
It appears that funding is still needed for the $100 million project, so it's far from being a done deal. It will be interesting to see if they can come up with the money to build this thing.
There have been a few different Ferris Wheel projects proposed for Las Vegas over the years but none of them have come to fruition. Most recently Caesars Entertainment featured a Ferris Wheel in their plans for Project Linq, which still seems to be on the table.