The region, whose name refers to the Spanish Treasure Fleet lost in a 1715 hurricane, evidently emerged out of residents' desire to separate themselves from Miami and the Gold Coast region.
Isifunda, ogama laso libhekisela kwiSpanish Treasure Fleet esilahlekelwe yisiphepho sango-1715, kusobala ukuthi sivele esifiso sabahlali sokuzihlukanisa neMiami kanye nesifunda saseGold Coast ngaseningizimu.