Giant Ferris Wheel Proposed Next To American Airlines Arena

Proposed Location of "Eye on the Bay"

Miami company, Caribe-Miami Corp., headed by Rigoberto Valdes, are trying to build a large 650 foot ferris wheel in Downtown Miami, according to the Miami Herald

The proposed ferris wheel - called "Eye on the Bay" - would be located next to the American Airlines Arena and next to Museum Park over the FEC boat slip. 

The $350 million ferris wheel would have a restaurant, bar with retail shops in the walkway below the structure. However, the company would need permission from the city to build over public land.