The Business Journal provided an update on Rodgers Group’s proposed “sky wheel,” a development that could help draw visitors to Laclede’s Landing:
The city has granted $3.4 million in tax increment financing for the $11.7 million project.
Adjacent to the Ferris wheel, the Rodgers Group plans on building an office building and restaurant space.
The office building will house the Rodgers Group’s headquarters, relocated from Clayton.
The Rodgers Group is projecting that 460,000 people would ride the wheel each year, bringing in $4.25 million in revenue annually.