Interesting project, however, with a decade of experience in Latin America and knowing how unstable the situation is in the Central American/Caribbean countries, this project is playing a wild card.
Anyway, best of luck to them. Hope that will work out.
However, it is important not to look at it in terms of "what is the likelihood of bad events happening", but it is important to look at it in terms of "what is the impact if these events were to happen". That changes everything.
https://reason.com/video/2023/07/06/a-private-libertarian-city-in-honduras/