 It was revealed that Liverpool Vision, the economic development company responsible for Liverpool's regeneration, has been involved in confidential discussions with Out of Time Concepts, a company headed by a former Chief Engineer on the ship, who recently advised its current owners on plans to turn it into a luxury hotel in Dubai.In a letter from Out of Time Concepts to Liverpool Vision, it is explained that "The free global media attention derived from bringing home "Queen Elizabeth 2" will without question promote Liverpool's new waterfront developments, its amazing architecture, its maritime and world heritage sites, its museums, its culture and its history".On the same week that the Liverpool Vision plans were revealed, Nakheel stated that plans for "QE2" to be berthed at The Palm had been dropped because they now planned to build 102 houses on the site which was once intended to be named the QE2 Precinct.