A giant sundial that was due to be built as a major 147ft (45m) tourist landmark in Derbyshire may now be built in Dorset instead.
Designers had problems funding the pyramid in Derbyshire
Work on the "solar pyramid" in Derbyshire was due to begin in Spring 2008 after years of delays, but the designers have now decided to pull out.
The sundial, which will be twice the size of Tyneside's Angel of the North, was set back due to funding problems.
Talks have now begun to possibly bring the landmark to Poole instead.
No one at Borough of Poole council was available for comment.
However, last Friday the council announced that a "world-class" landmark tower was being considered for the borough.
A spokesperson for the designers told the BBC News website that after seven years of planning the pyramid was "not making the necessary progress" in Derbyshire.
They said that despite "goodwill" from the East Midlands Development Agency (Emda) over the project, Emda had not supported the project financially.
"It is absolutely the same project. It's not something you would have more than once," the spokesperson said.
"A combination of red tape, planning problems and a lack of support from regional development agencies in Derbyshire has brought progress to a halt.
"The project team now feels it has no choice but to explore alternative locations."
Discussions between the project team and the council in Poole were likely to last several months and no decision on a potential site for the solar pyramid was expected until next year, the spokesperson added.
The final design could still be subject to change because the designers would "have to look at local conditions", they said.
One of the designers behind the project, Richard Lester Swain, said: "The solar pyramid would be a thing of considerable beauty.
"It would be a piece of sculpture that offers people an opportunity for quiet reflection but combined with this it would have real scientific interest, an important educational role and it would contribute to the local economy."
The project is still in the discussion stages and would still have to be given planning permission.