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Company proposes giant Ferris wheel in Va. Beach

Tuesday - 3/11/2014, 11:03am  ET

VIRGINIA BEACH, Va. -- A St. Louis-based company is seeking approval to erect a giant Ferris wheel at Virginia Beach's Oceanfront.

The proposed SkyWheel Virginia Beach would be 200 feet tall and about 180 feet in diameter. It would have 42 glass-enclosed gondolas and an LED light show on its wheels and spokes.

Koch Development tells media outlets that it plans to invest about $12 million in the project.

If City Council approves the project, the Ferris wheel would open by the summer of 2015.

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