"The California nonprofit organization—which has currently raised…

"The California nonprofit organization—which has currently raised about $2.5 million from more than 1,000 interested donors—is spearheading a plan called the Floating City Project. The blueprint is to build a cluster of buoyant dwellings that showcases innovations in solar power, sustainable aquaculture, and ocean-based wind farms. Recently, the French Polynesian government signed a historic agreement with the Seasteading Institute to work together on a legal framework to allow for the development of the Floating Island Project. French Polynesia, which comprises more than 100 islands in the South Pacific, seems like an ideal locale to explore the possibility of sea-dwelling communities, as its own territory is at the mercy of rising ocean levels."

http://www.architecturaldigest.com/story/floating-city-could-be-reality-near-future