A UK-based company with a US$3m (£2.3m) stake in the New York Wheel (NYW) has issued an update on a dispute with the project contractor.
Challenger Acquisitions said that a court hearing on the project is scheduled to be held today in New York. It had previously announced that there is a contractual dispute with the original wheel erector, which led to New York Wheel teminating the contract. At the court hearing, New York Wheel and the former wheel contractor […]
