Some comment threads blame the lawyers and our litigious society, but I blame the insurance companies. Bunch of pussies, want money for nothing, no risk.
They should have more seriously considered putting it on the top of Queen Ann, Capitol Hill, or West Seattle. Give people a great vantage point and tourists will flock, not to mention locals.
@3: Putting a big wheel on top of a Seattle hill would also give lucky patrons the ride of their lives when the big earthquake happens, and the wheel breaks free and rolls down into Puget Sound, Lake Union, Lake Washington, etc. depending on which way it goes.
@2 for the insightful comment, but I hope Max is right @8 - won't that block the non-existent waterfront views from the new 15 story highrises blocking the Hill's views?
The dismantling of Fun Forest and the impending Chihuly yawnfest is the saddest thing to ever happen to Seattle Center. The idea that a ginormous ferris wheel might be coming was the only silver lining on this bastard of a cloud.
(by the way, during the fair it was called "The Gayway")
Then why bother making anything at all. Seriously, that scenario will play out no matter where they build it. Stop being a sour faced ditch rat.