Las Vegas has plansfor a massive Ferris wheel

Next month,Vegas company Caesars Entertainment, plans to start digging in preparation to lay the foundation for a huge 550-foot-tall observation wheel behind Imperial Palace and Flamingo hotels that it expects to open late 2013. 

(an artist rendering of the proposed Ferris wheel)

The new plans mark a 16 month with an increase in Vegas tourists.  For a while, things were down, but Vegas is coming back and with plans for a cool new Ferris wheel you can see that investors are feeling good about prospects in Sin City.

The current tallest Ferris wheel in the world is the Singapore Flyer, in Singapore (duh), which is 541 ft tall.  It officially opened to the public on March 1st.  But this new Vegas Ferris wheel, when completed, will take the title for worlds largest Ferris wheel!   Cool.