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