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The tiny city-state of Monaco on France's Mediterranean coastline is problems finding space for rich people. Monaco less than 2 square kilometers in size and some of the richest people in the world living there. It is the playground of the rich and home to a Formula 1 Grand Prix, a famous casino and a luxury yacht-lined harbor. Over 30 per cent of its 38,000 residents millionaires. The country is out of space for more millionaires. House prices already the highest in the world, with an average price of around $100,000 per square meter. City planners an estimated 2,700 more millionaires are to move there in the next 10 years.

Monaco's ruler, Prince Albert II, has to build more homes in Monaco. He wants to land from the sea. He has OK'd a $2.1 billion project to in 15 acres of the sea with concrete and sand. The project will a harbor big enough for 30 ships, a landscaped park, a Japanese garden and 120 new waterfront homes for the rich and famous. There will a huge demand for the new homes. People attracted by the luxury lifestyle and no income tax. Marine experts worried the construction will great damage to sea life and the environment. The Prince said he about the environment. He said important species would moved to a new artificial reef.

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