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Seems like just a few years ago, the NY Wheel was  going to be the new big thing on the Staten Island waterfront. Now, it’s a big money pit, with costs ballooning to more than double initial estimates.

Photo courtesy of NYC EDC

 

The Real Deal: The wheel is now estimated to cost north of $500 million, more than twice the original figure. Critics say its revenue projections are wildly optimistic. And vicious infighting has ripped apart the fabric of the development team. All the while, the public officials and government agencies that threw support behind the project for the past three years have suddenly gone quiet.

Photo courtesy of NYC EDC

 

No worries though, according to the developers, (I can’t even keep track of all the players with their fingers in this pot) the projected financial windfalls seem to have also ballooned, making the investment a sweet deal according to the numbers being touted in 2015, compared to 2011.

Photo courtesy of NYC EDC

 

In its first year of operation, the wheel was originally slated to earn $15 million from admissions. But now, after jacking up the proposed price of a ride to $35 from $15, the developers are projecting $95.9 million in admissions, more than six times that amount.

Overall, documents distributed to investors last year predict total revenues of $127.85 million for the wheel’s first year in business, more than six times the $20.73 million projection made to the city in 2011. Read more from The Real Deal here…

posted by Mai Armstrong for the Working Harbor Committee

As some of you may know, a few of John Skelson‘s harbor-folk friends ventured out to Skelson’s Office on Monday to Ship Spot in memory of  our dear John Skelson, gone too soon, last week.

The KVK was busy that day – as it is everyday – and with each zoom in and every click of the trigger, we felt John’s presence right there with us. Margaret Moran, Ever Legend, Irish Sea, and oh! a nice surprise when James D Moran popped up from behind the CMA CGM Dalila – John would have loved that! He only got to shoot James D once before…

Every time I pass Skelson’s Office on the Kill, I will think of John. It will forever be “his place”.

 

John Skelson’s Office on the KVK. Photo by Mitch Waxman

Ellen McAllister navigating the containership Ever Legend to the KVK. Photo by Mitch Waxman

Kirby’s Irish Sea pushing a barge. Photo by Mitch Waxman

Margaret Moran and CMA CGM Dalila passing Skelson’s Office. Photo by Mitch Waxman

Margaret Moran. Photo by Mitch Waxman

Kirby Moran was there too, assisting. Photo by Mitch Waxman

And a surprise! James D Moran bringing up the rear. James D is one of Moran’s new tugs on the harbor. Photo by Mitch Waxman

We noticed that friends of John had put up memorials at Skelson’s Office. Photo by Mitch Waxman

Bjoern Kils and Will Van Dorp joined us on the water in the NY Media Boat RIB. Photo by Mitch Waxman

Will Van Dorp got this great shot of the memorial to John Skelson from the kill, isn’t the back-lighting beautiful? Photo by Will Van Dorp

Another memorial for John at Skelson’s office. Photo by Mitch Waxman

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Mitch Waxman at Skelson’s Office. Photo by Mai Armstrong

Joanne Reinauer III coming in… this one’s for you John. Photo by Mitch Waxman

Vane’s Red Hook tipping her hat for John at Skelson’s Office. Photo by Mitch Waxman

This will always be “Skelson’s Office” to me. Photo by Mitch Waxman

 

You can post your messages for John and his family on the NYT Obit Guestbook here.
Photos by Mitch Waxman, Will Van Dorp and Mai Armstrong generously shared with the Working Harbor Committee.

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