Finally a deal for the ferris wheel

SANTA MONICA, Calif. (AP) - May 5, 2008

The new owner of the Santa Monica Pier's Ferris wheel says he plans to resurrect the attraction in Oklahoma City, though he hasn't pin-pointed the spot.

Grant Humphreys plunked down $132,000 for the ride in a 10-day eBay auction, beating out five others in a bidding war that went back and forth through 35 offers.

The buyer had to agree to come get it.

The real-estate developer says he expects to find a good home for the ferris wheel in one of the "walkable communities" he's developing.

With its 20 gondolas and 5,392 light bulbs, the wheel has provided some three million ocean-view rides since 1996 when it was installed in the Southern California beach community.

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