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Investors Resolve Dispute Over Staten Island Ferris Wheel

Investor groups reached a settlement after a year of litigation regarding the construction development of the Staten Island Ferris wheel. The Ferris wheel, known as the New York Wheel, is expected to be the tallest in the world and is scheduled to open in 2018. The investor groups involved in the project had been involved in a legal dispute surrounding funding for the construction project. The terms of the settlement have not been disclosed.

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