BREAKING NEWS: NY Wheel project indefinitely delayed after firing contractor

After initiating a high-stakes legal battle over project delays and work payments, the New York Wheel’s developer has fired the project’s designer and builder, and expects to incur additional costs, which could potentially jeopardize the completion of the planned $580-million tourist attraction.

NY Wheel fired Mammoet-Starneth LLC, its design build team, after the company failed “to meet multiple design and construction deadlines,” said Cristyne Nicholas, a NY Wheel spokeswoman.

New York Wheel alleges it has suffered more than $16 million in damages resulting from Mammoet’s delays, and $20 million in lost profits and other damages due to the designer’s breach of contract.

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