This artist's rendering shows plans for the Skyvue Las Vegas Super Wheel which would be constructed on the south end of the Las Vegas Strip.
updated 5/25/2011 3:33:50 PM ET 2011-05-25T19:33:50

The Federal Aviation Administration says a developer's plan to put a 500-foot observation wheel attraction on the Las Vegas Strip won't hamper operations at nearby McCarran International Airport.

The agency's obstruction evaluation group told developer Howard Bulloch of Compass Investments that it expected the rotating wheel with 40 passenger gondolas won't affect aircraft or airport facilities.

The FAA says the wheel will be about as tall as two nearby casinos, and will be more than a half-mile from an airport runway.

Bulloch introduced the plans Monday during a press conference at the site across Las Vegas Boulevard from the Mandalay Bay hotel-casino.

Officials say the Ferris-style wheel is part of a $100 million development that will open in 2013.

Plans also include a roller coaster, retail stores and restaurants.

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