Finally a deal for the ferris wheel

May 5, 2008 4:59:43 AM PDT
Round and round it will go, but exactly where it finally ends up no one knows.

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.