All I can say is I'm relieved this doesn't appear to be a one trick pony coaster and that it will have an actual layout.
I doubt it's only gonna go that far up this supposed spire if but even if it did 240 feet would be at least 80+ mph and not 76.
Thanks @Zachary for some great answers and expert analysis.
After thinking about what's been presented, I tend to still lean towards a "Soaring with Dragon-ish" product. That ride hits 77mph with a 195ft spire. It opened 2 years ago so it's conceivable Intamin have improved their LSM launchers. Further, even though the spire is 315ft, the launch won't be that high. I see Superman Escape has 415ft tower but the drop is listed at 329ft. So, with a tad more speed at launch(es), it could get up that spire maybe 230-240ft.
In a review of Soaring, the author mentioned the lack of a "rush" going thru the first non-inverting loop as it seemed to slow. Perhaps with a faster launch it could achieve a bigger loop with a little more speed.
Soaring's layout is 673ft x 705ft which would fit the Festa Field area. I think, from the Italy Bridge, you'd see the top speed going thru the large non-inverted loop and the "final drop" down to the river (albeit a slower 55mph average speed).
I doubt it's only gonna go that far up this supposed spire if but even if it did 240 feet would be at least 80+ mph and not 76.