o many of these projects never get off the ground. This one is happening. There is a long way to go, but the initial hurdle has been passed. The land was purchased in June and is currently in development creating a private "anarchist" community. It is being funded by presale of cabins and building sites.
The Seasteading Institute is working with the government of French Polynesia for a mutually beneficial Floating City Project. The city will have a large amount of political and economic autonomy in exchange for helping French Polynesia address concerns such as rising sea levels.
No, not Galt's Gulch, the failed Chilean project, though this private community is also in Chile. It is geared towards those who work remotely, and want to live amongst like-minded, limited government types of the Randian variety. The village which is currently under construction has already pre-sold many suites and lots.