Hong Kong Observation Wheel could be closed for two years as new operator takes over
Popular tourist attraction to be replaced with new, smaller model amid payment dispute
Hong Kong’s Observation Wheel could be closed for up to two years and its replacement could be five metres smaller in diameter, as a new operator taking over is unable to strike a deal with its predecessor to keep the popular tourist attraction running.
The Ferris wheel on the Central Harbourfront looks set for the scrapheap because of a payment dispute between former operator Swiss AEX and newcomer The Entertainment Corp Ltd (TECL).
Secretary for Development Michael Wong Wai-lun said on Sunday the current model, which is 60 metres in diameter, was “very unlikely” to be retained.
Swiss AEX, whose contract at the site expired on August 28, shared documents with the Post on Sunday suggesting the new agreement only required the new wheel to be 55 metres in diameter. The company said it had told officials that replacing the wheel could take up to 24 months, including at least three months to dismantle the current wheel. The dismantling process could begin on Thursday.
Last-ditch effort by operators under way to save Hong Kong Ferris wheel
