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Billionaire Palmer to unveil design for Titanic II in NY

SYDNEY--Australian billionaire Clive Palmer said Wednesday he will unveil the design and plans for his ambitious Titanic II project in New York with the help of John F. Kennedy's daughter Caroline.

The flamboyant Palmer, who announced plans in April to construct the replica Titanic with exactly the same dimensions as its ill-fated predecessor, will hold a gala dinner on December 4 on the retired aircraft carrier USS Intrepid.

Those attending will include the former U.S. president's daughter, his sister Jean Kennedy Smith and New York Senator Ruth Hassell-Thompson along with leading U.S. business leaders, Palmer said.

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