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Businessman says he wants to build Titanic II

Originally published: February 26, 2013 1:55 PM
Updated: February 26, 2013 9:22 PM
By MARIA ALVAREZ Special to Newsday

Australian billionaire Clive Palmer says he's building a

Australian billionaire Clive Palmer says he's building a replica of the Titanic and will launch it as a themed-cruise ship in 2016. AP video. (Feb. 26) (February 26, 2013 4:32 PM)

Videos

Marking the 100th anniversary of Titanic's sinking, St.

Honoring Titanic victim It's been 100 years since the Titanic sank,

It's been 100 years since the Titanic sank,

Titanic: 100 years later As history buffs mark the 100th anniversary of

As history buffs mark the 100th anniversary of

'Unsinkable' Titanic

Galleries

Members of the press view interactive exhibits during

Titanic is an unsinkable attraction In this April 10, 1912 photo, the Titanic

In this April 10, 1912 photo, the Titanic

Artifacts from the Titanic An undated photo shows the bow of the

An undated photo shows the bow of the

Titanic historic photos

A wealthy Australian businessman who already dabbles in mining, tourism and horse racing said Tuesday he has a new way to spend his fortune: build the Titanic II.

"When you have a lot money and don't know what to do with it and you have a good idea . . . why not?" said Clive Frederick Palmer, 58, one of several international investors building the replica of the ill-fated ship.

In 1912,...

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