The New York Wheel’s Demise Marks One Of The Largest EB-5 Failures Ever

This article was published by The Real Deal on October 23, 2018 and features commentary from Reaz Jafri. 

The New York Wheel is officially dead, putting an end to an ambitious project that was marred by years of delays, cost overruns and infighting.

Project spokesperson Cristyne Nicholas announced the decision on Tuesday. The news was first reported by the Staten Island Advance.

Read the full article.

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