Will the New York Wheel project go forward?

Embattled attraction still seeks to replace High Roller in Las Vegas as world’s tallest

STATEN ISLAND, N.Y. — Sept. 5 is less than two weeks away.

That’s the deadline the New York Wheel was given to take steps — such as hiring a new contractor — toward recommencing construction what would be the world’s tallest observation wheel. At 630 feet, it would be taller than the 550-foottall High Roller observation wheel in Las Vegas, currently the record-holder.

But word on the project on the St. George waterfront, which has been stalled since May 2017, remains mum.

In May of this year, the Wheel was given 120 days to get the project back on track after its former contractor walked off the job last year and was subsequently fired.

While an agreement was hashed out in May, spokespeople for the NY Wheel said they can’t comment as to whether they are close to hiring a new contractor.

Mayor’s office mum too

Although the project is entirely funded by private investors, Mayor Bill de Blasio said at a recent town hall meeting that City Hall would get involved to help see a resolution for the embattled New York Wheel.

However, queries about how he plans to do that went unanswered by City Hall.

120-day standstill

The agreement hashed out in the spring between the Holland-based Mammoet-starneth — the Wheel’s former contractor — and the NY Wheel in Delaware Bankruptcy Court allowed both parties to enter a 120-day standstill period, extending through Sept. 5.

The agreement is a culmination of more than a year of court battles between the two parties.

Its purpose was to allow the NY Wheel to come up with the necessary financing to complete the project and hire a new contractor, according to court documents.

In addition, the agreement dismissed