Caesars Approved for $500 Million Development on Las Vegas Strip CheapOair Staff August 4, 2011 general The Las Vegas Strip Just Got Bigger The Las Vegas strip is going to see some hefty renovating now that Caesar’s has been approved for a $500 million development. Development is going to include the world’s tallest ferris wheel, restaurants and entertainment that will stand out between Imperial Palace and Flamingo casinos. According to the Forbes report, the ferris wheel will be 550 feet. It will have 32 cabins that will be able to hold 30 people each. Caesars officials are expecting the construction to take 18 months as well as create a job growth of 3,000 jobs and 1,500 permanently. The development’s official title is called Project Linq. It’s expected to be finished by 2013.