The New York City Planning Commission approved a proposal for the New York Wheel -- which would be the world's tallest Ferris wheel -- Wednesday and the plan now heads to the City Council for approval.

The 625-foot Staten Island attraction, which is set to open in 2016, is expected to attract 30,000 visitors a day, according to its developers.

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The Ferris wheel would have a view of the Statue of Liberty, New York Harbor and the Manhattan skyline.

The New York Wheel would be the world's tallest Ferris wheel if it were built today, but developers in Dubai are planning to build a 689-foot Ferris wheel called the Dubai Eye.

Construction of the New York Wheel is expected to begin next year.

The council is slated to vote Oct. 30 on the proposals.