|Interested in checking out Hong Kong on this observation wheel?|
The company also has a three-year lease on the land and the first year is already up. Why nothing has happened is because Snep claims he had to get all the relevant permits and tests on the soil first.
In any event locals are wondering why the Hong Kong government is keen on having a wheel that's not very tall -- there are skyscrapers in the city taller than this wheel -- and a better view of the city from The Peak (when it's clear).
Another gripe is why are we catering to tourists? Why not create an inviting environment by the harbour to encourage people to come and appreciate the area? With this wheel coming up, it will be flooded with visitors so why would locals want to go there?
We don't blame Swiss AEX but the government for assuming this would be a good way to stimulate the local economy and keep visitors coming back for more -- not.