VegasChatter

...two giant ferris wheels is excessive.  Having said that, LV has always been a town of mind-boggling repetition.

There were once two riverboat-shaped resorts (although not both on the Strip).  There's also been more than one casino named Castaways, Montecarlo, Bingo Club, MGM, El Rancho, Frontier, and the list goes on and on.  My favorite thing to say to people when they speak of the Welcome to Las Vegas sign is, "Did you know there're three of them?"

So, who knows.

"As if the view from MIX wasn't awesome enough?"

I'm impressed the SkyVue people weren't intimidated into bailing by CET's High Roller.  In fact, when the two projects were in the initial planning stages, I wrongly predicted SkyVue would fold when High Roller landed final approval.  Now that both projects are going forward, I'm still giving High Roller greater odds of survivability over SkyVue for two reasons.

First off - location.  High Roller is in a high foot-traffic section of The Strip.  Now, SkyVue won't exactly be on the Moon, but it will require patrons to make a bit extra of an effort (unless they're already at Mandalay Bay).

Secondly - money.  Both projects are huge investments ($100 million+) that will take a decade or more to pay off.  High Roller is backed by CET, a company with pockets deep enough to withstand a lengthy waiting period.  The company behind SkyVue (Compass Investments) is no financial slouch, but its resources pale in comparison to CET.  If the two projects enter a war of financial attrition, CET can absorb greater losses than Compass Investments before waving the white flag.

Now, don't get the idea I'm harshing on SkyVue or saying it will fail.  The people behind it are professionals in real estate development and know a thing or two about attaining success.  I'm just pointing out they're up against a Las Vegas giant with legendary status.      
 

In all eventuality, one will remain as the other poster said above due to proximity of high traffic as well as deep pocket backing. Not to mention the expected enticement of 2 for one or discount offers while staying at a CET property.

I wonder how itll hold up in high winds that frequents Vegas?

Didn't anybody learn anything from the Monorail?

In the rendering it's striking to see how tall this "second wheel" is, given its proximity to the airport. But I assume the developers cleared that with the folks at McCarran...

But think of how cool it will be!!!

Well, I'm the one a day late, on this subject (east coast guy). I appreciate the informative posts on the subject.
I have to say I'm amazed by the introduction of one big wheel, never mind two. I agree, the skyvue get's my vote for the loser. Although, with moderate cost casino hotels nearby (Trop, Hooters, Luxor, Excaliber, NYNY, MC) it may have more of an audience over time than my inital gut reaction.
Another question: For a view of the Strip, what have you gone with in the past, and how often - the Strat or the Eiffel tower?  
For me, in a dozen+ trips, I've been to the Strat once (first trip) and haven't made it to the Eiffel tower yet.
The other question: What will a ride on these things go for?

For Strip views, there's a few additional choices outside of the Strat and the Eiffel Tower.

A lot of people like to go to the miX restaurant atop THEhotel at Mandalay Bay (I would suggest going for a drink at the bar instead of dining at the restaurant -- both have patios). There's also the view from the House of Blues' Foundation Room on top the main Mandalay Bay tower.

More central are the views of VooDoo Lounge at Rio or Ghostbar at The Palms (both on top of each respective hotel). Ghostbar is pretty neat as there's a glass cutout in the floor that you can stand on and look straight down through.

And, lastly, not so high, but still offering good views are several of the dining restaurants of The Cosmopolitan (like Comme Ca) or the outdoor dining patios of several Bellagio restaurants (Picasso has a new one, Hyde, too).

As for the Ferris wheel costs, Caesars has said they would keep theirs under $20 (although, that may mean $19.99) so I would expect SkyVue to be in line with that.