Each citizen would receive a one-acre home lot from the trust and a share of revenue from land sales and leases.

The land trust would enter into a joint venture to develop a 60 sq mile free trade zone.

The Phoenix Foundation had previously sought to establish a libertarian enclave in the South Pacific, the Republic of Minerva.

AIM's first convention, held on February 23, 1974,[3] was addressed by John Hospers, the Libertarian Party's 1972 US presidential candidate.

[4] Around May 1974, reports emerged of a group called 20th Century Revolutionaries whose appeared intent on overthrowing Abaco's central government.