Dream Projects: Poseidon Resort Would Succeed By Sinking Under Sea
“We have completed the financing and are fine-tuning the design and engineering,” says Jones. The resort will be located just off a 222-acre private island in Fiji, where a 1,000-meter airstrip has just been completed. “The island is completely protected by a coral reef. The resort will be located 45 ft underwater, and accessed by an elevator or spiral staircase.”
The resort’s modules “will be constructed near Portland, Oregon in a dry dock, floated out of the dry dock, and maneuvered on to a heavy lift ship,” explains Jones. Once they arrive in Fiji the modules “will be attached to pilings, ballasted so they sink, and bolted in place. Then we’ll take umbilicals (power, water, sewage lines) and hook them up to the pier.” Jones sees no need to build prototypes of the modules, because the subs he builds are far more complicated.
“We have a $215 million capitalization,” says Jones. Poseidon’s investors include “one major investment group and a number of minor investors. I have a controlling interest. Our investors are not in a rush. We’ll open in 23 months [May 2016]. We’ve got it all planned.” 225,000 people have signed up through the Poseidon website to receive information and updates about the resort.