Towering out of the ground across from Mandalay Bay, Las Vegas’ failed Ferris wheel project site is up for sale again.
Real estate brokerage CBRE Group recently started marketing 26 acres along the south edge of the Strip. The spread includes the land with SkyVue, a never-finished observation wheel project that for years has consisted of little more than two giant concrete columns.
The property owners are seeking $7 million an acre, or $182 million total, said listing broker Michael Parks of CBRE’s global gaming group.
The SkyVue site has been up for sale before, including a few years ago through bankruptcy court when Seattle-area businessman Wayne Perry, a lender in the failed tourist attraction, acquired the property and nearby parcels with a credit bid.
