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The British Airways London Eye, sometimes called the '''Millennium Wheel''' (Coordinates: ), is the first-built and largest Observation Wheel in the world (a type of or evolution on the Ferris Wheel ), and has been since its opening at the end of 1999 . It stands 135 Metre s (443 Feet ) high on the western end of Jubilee Gardens , on the South Bank of the River Thames in Lambeth , London , England , between Westminster and Hungerford Bridge s. It is adjacent to London's County Hall , and stands opposite the offices of the Ministry Of Defence situated in Westminster which it overlooks to the west. HISTORY Designed by Architect s David Marks , Julia Barfield , Malcolm Cook , Mark Sparrowhawk , Steven Chilton , and Nic Bailey , the wheel carries 32 sealed and air conditioned passenger capsules attached to its external circumference. It rotates at a rate of 0.26 metres per second (about 0.9 km/h or 0.6 mph) so that one revolution takes about 30 minutes to complete. The wheel does not usually stop to take on passengers; the rotation rate is so slow that passengers can easily walk on and off the moving capsules at ground level. It is, however, stopped on occasion to allow disabled or elderly passengers time to disembark safely. Structurally, the Eye resembles a huge spoked Bicycle wheel, and was depicted as such in a poster advertising a charity cycle race. The wheel is not the first of its kind; one much smaller used to stand opposite Earls Court station during the later part of the 19th century and which just like the Eye was for Londoners' and visitors' enjoyment. The wheel was constructed in sections which were floated up the River Thames on barges and assembled lying flat on Pontoon s. Once the wheel was complete it was raised into its upright position by cranes. The wheel was initially lifted at a rate of about 2 degrees per hour until it reached 65 degrees, where it stayed for a week while engineers prepared for the second phase of the lift. The total weight of steel in the Eye is 1,700 tonnes. The Eye was opened by British Prime Minister Tony Blair on December 31 , 1999 , although it was not actually opened to the public until March 2000 because of technical problems. Since its opening, the Eye, operated by Tussauds Group but sponsored by British Airways , has become a major landmark and tourist attraction. Recently, The London Eye was voted the world's best tourist attraction in a poll commissioned by the snack company Pringles . The Eye enjoyed a warmer reception from the British public upon its opening than London's other significant Millennium project, the Dome , although the delay in opening had caused some press scepticism. By July 2002 around 8.5 million people had "flown" the Eye. It originally had planning permission only for five years, but at that time Lambeth Council agreed plans to make the attraction permanent. Although the Eye is currently listed in the Guinness Book Of Records as the tallest observation wheel in the world, it is unlikely to keep that title for long. Plans have been announced to build a 170 m wheel on the Las Vegas Strip and a 200 m wheel in Shanghai . (By comparison, the original 1893 Ferris Wheel was 75 m high). The Tussauds Group own 66% of the Eye, with its creators holding the remainder. British Airways initially held a 33% in the attraction, but sold this to the Tussauds Group in November 2005 for £95m. The airline remains the principal sponsor of the attraction, however, and extended its franchise at the same time it divested its interest. CURRENT STATUS On . In the following weeks there were a number of conflicting reports about the future of the London Eye, including rumours of a bid to move the eye to Paris (denied by the French), and reports that the South Bank Centre itself denied ever having made the demands claimed. It was also reported that the uncertainty over the eye might hurt the London bid for the 2012 Olympic games. On 25 May 2005 , London mayor Ken Livingstone vowed that the landmark would remain in London, describing Lord Hollick , chairman of the SBC's board, as a "complete prat". He also pledged that if the row was not resolved he would use his powers to ask the London Development Agency to issue a compulsory purchase order. {Link without Title} The land in question is a small part of the Jubilee Gardens, which was given to the SBC for £1 when the Greater London Council was broken up. The South Bank Centre and the British Airways London Eye agreed a new 25 year lease on 8 February 2006 , after a judicial review over the rent row. The lease agreement will mean the South Bank Centre, a publicly-funded charity, will receive at least £500,000 a year from the attraction, the status of which is secured for the foreseeable future. Despite its popularity, the London Eye continues to be something of a financial black hole. Its debt stood at more than £150 million by mid-2005, increasing at the rate of £25 million per year. Much of this is due to the costly loans taken out to finance the construction of the Eye, with its operators Tussauds taking 4% of all ticket sales as a "management fee". THE LONDON EYE IN FILM AND TELEVISION
SEE ALSO
NEAREST RAIL AND TUBE STATIONS '' National Rail ''
'' "River Bus" Services ''
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