The Melbourne Star Observation Wheel is set to reopen in the second half of 2026, marking a major step forward for the long-idle Docklands attraction after a deal was reached between its owners and administrators.
Closed since 2021 following the liquidation of MB Star Properties Pty Ltd, the 120-metre structure has remained dormant for years.
The shutdown came after ongoing financial struggles, compounded by the impacts of the COVID-19 pandemic. Now, a new agreement has paved the way for a revival, with creditors approving a restructure aimed at bringing the wheel back into operation by the end of the year.
The project has received more than $11 million in backing from a mix of international and local investors. Swiss company Robu Group and US-based Ray Cammack Shows will join MB Star Properties in overseeing the attraction’s future, while Melbourne-based Skyline Attractions has been appointed to operate the wheel.
Melbourne Lord Mayor Nick Reece told The Age the reopening as a major moment for the city.
“It’s been more than five years since the Melbourne Star last turned. Now, members of the public can look forward to seeing more exciting tests as things progress down at The District,” he told the newspaper.
The wheel first opened in 2008 as the Southern Star but quickly closed due to design issues, beginning a stop-start history that included years of inactivity and significant reconstruction. At one point, the City of Melbourne even considered selling the structure for scrap.
Its return is expected to inject new life into Docklands, with local stakeholders hopeful it will help revitalise the precinct.
