How much will seasteads cost?
The Seasteading Institute’s vision is two-fold:
- In the short run, the most practical way to launch a seastead is to adapt a cruise ship for permanent or semi-permanent habitation. Cruise ships have already answered most of the challenges relating to seasteading (negotiating bad weather, avoiding interference from governments or pirates, providing accommodations, etc.) The cost of an existing cruise ship manufactured in 2000 and capable of hosting 400 people is under $7M. Factoring in retrofitting, the cost should be under $10M.
- In the long run, platforms are more suitable than ships (see “Why not just buy a boat?”). The Seasteading Institute commissioned the marine engineering firm Marine Innovation & Technology to design Clubstead, a prototype seastead design. Clubstead has 368,200 ft2 of room space for 200 guests and staff quarters that can accommodate an additional 70 people. Clubstead’s total estimated price tag is $114,333,000. Their estimates suggest that Clubstead could be built at a cost of $311/ft2 of usable space, roughly comparable to real estate costs in places like San Francisco and New York City. With that said, the cost of platforms is likely to go down in the future as the technology improves and as economies of scale start to kick in.
Posted in: Living, Economy, Business
Posted on January 20, 2012 at 2:14 am