The Great Wheel Corp. has purchased a piece of property near the Orange County Convention Center. This property, which sits on thirty-seven acres, was bought for thirty-eight million dollars.

UPDATE: Read our I-Drive 360 / Orlando Eye Blog Post

This purchase contributed to a three-way deal. The land was first sold to Shamanand “Sham” Maharaj’s Buena Vista Corp. by Westwood Boulevard Ltd. They then sold the property to Great Orlando Wheel.

Great Wheel purchased the property so they could build a rotating observation wheel. This wheel would be part of an International Drive resort complex, reports Orlando Business Journal. The wheel will have a 960-person capacity and these visitors will be taken on rides in pods that have been equipped with air