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PayPal founder wants to build the world’s first floating city in the Pacific

PayPal founder wants to build the world’s first floating city in the Pacific

The world’s first floating nation is set to appear in the Pacific Ocean off the island of Tahiti in 2020.

A handful of hotels, homes, offices, restaurants and more will be built in the next few years by the nonprofit Seasteading Institute, which hopes to ‘liberate humanity from politicians’.

The radical plans, bankrolled by PayPal founder Peter Thiel, could see the creation of an independent nation that will float in international waters and operate within its own laws, Daily Mail reports.

In a new interview, Joe Quirk, president of the Seasteading Institute, said he wants to see ‘thousands’ of rogue floating cities by 2050, each of them ‘offering different ways of governance’.

“Governments just don’t get better. They’re stuck in previous centuries. That’s because land incentives a violent monopoly to control it” Quirk told the New York Times.

The first island is being funded by a coin offering, a new concept gaining popularity in Silicon Valley in which money is ‘crowd sourced’ by creating and selling a virtual currency.

The non-profit hopes to raise around US$60 million by 2020 to build a dozen buildings.

The structures will feature ‘green roofs’ covered with vegetation, and construction will use local bamboo, coconut fibre, wood and recycled metal and plastic.

First revealed in January, the plans have been approved by the French Polynesian government, which is now creating a special economic zone so the floating nation can operate under its own trade laws.

The tiny nation, a collection of 118 islands in the southern Pacific with a population just over 200,000, has granted the Seasteading Institute 100 acres of beachfront to operate from. French Polynesia is interested in the project as the area is at risk from rising sea levels.

It may seem like an ambitious plan, but the group believes semi-independent cities would be the perfect place to try new modes of government and agricultural methods. Quirk and his team have now started a new company, Blue Frontiers, which will build and operate the floating islands in French Polynesia.

He said he was inspired to build a floating city, known as seasteading, when he went to the US festival Burning Man 2011. The enormous event, which attracts 70,000 people every year, could provide a model for a new society where ‘rules don’t observe their usual parameters’, he said.

“We can create a huge diversity of governments for a huge diversity of people.”

The Seasteading Institute, co-founded by Paypal founder Peter Thiel and political economic theorist Patri Friedman, has spent the past five years creating designs for ‘permanent, innovative communities floating at sea’.

The deal with French Polynesia, signed in January, specifies two points the project must prove before it gets the green light: Whether it will benefit the local economy, and if it proves to be environmentally friendly.

Even if it succeeds in proving these two points, the project will still need to be approved by the local government, and possibly France, which holds the territory.

 

 

Randolph Hencken, executive director of the institute, said in January: “What we’re interested in is societal choice and having a location where we can try things that haven’t been tried before.

“I don’t think it will be that dramatically radical in the first renditions.

“We were looking for sheltered waters, we don’t want to be out in the open ocean – it’s technologically possible but economically outrageous to afford.

“If we can be behind a reef break, then we can design floating platforms that are sufficient for those waters at an affordable cost.

“We don’t have to start from scratch as this is a pilot project.

“They also have very stable institutions so we’re able to work with a government that wants us there that we have respect for and they have respect for us.”

Draft legislation will be drawn up next year and construction is expected to begin in 2019.

Floating islands would feature aquaculture farms, healthcare, medical research facilities, and sustainable energy powerhouses.

The first city would be built on a network of 11 rectangular and five-sided platforms so it could be rearranged according to its inhabitants’ needs like a floating jigsaw, Quirk said in January.

A feasibility report by Dutch engineering firm Deltasync said the square and pentagon platforms would measure 164ft (50metres) in length and they would have 164 ft-tall (50 metre) sides to protect buildings and residents.

The platforms will be made from reinforced concrete and support three-storey buildings such as apartments, terraces, offices and hotels for up to 100 years, according to the plans.

It’s envisaged that between 250 and 300 people will call the first floating city home.

The plan is that the city will float just off-shore of a host nation, but have a substantial degree of political independence.

The original proposal was to look to international waters to establish new nations, but the Institute realised locating its city off the coast would enable the inhabitants to go onshore and acquire goods, give it more shelter from storms and better legal protection.

The Institute says: “Our in-house team is now actively engaged in diplomacy with host nations, making the case that hosting an autonomous seastead city in their territorial waters would produce significant economic, social and environmental benefits for their citizens.”

It believes its floating city would create an environment that encourages innovation and start-up governments, rather than what it calls the ‘monopolies’ of today.

The Institute claims it will ‘give people the freedom to choose the government they want instead of being stuck with the government they get’.

If inhabitants disagree with the city’s government, they could paddle their colony to another city, forcing governments to work to attract citizens.

 

The feasibility report supported the idea that the project is economically feasible, with each platform costing less than US$15 million which works out at a similar price as land in London or New York.

Overall, the first floating city is predicted to cost US$167 million.

Speaking in 2008, Thiel said: “Decades from now, those looking back at the start of the century will understand that Seasteading was an obvious step towards encouraging the development of more efficient, practical public sector models around the world.

“We’re at a fascinating juncture: the nature of government is about to change at a very fundamental level”.

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