Due to Disston's purchase, the IIF was able to sponsor railroad projects, and the opportunity presented itself when oil tycoon Henry Flagler became enchanted with St. Augustine during a vacation. He built the opulent Ponce de Leon Hotel in St. Augustine in 1888, and began buying land and building rail lines along the east coast of Florida, first from Jacksonville to Daytona, then as far south as Palm Beach in 1893. Flagler's establishment of "the Styx", a settlement for hotel and rail line workers across the river from the barrier island containing Palm Beach, became West Palm Beach.[23] Along the way he built resort hotels, transforming territorial outposts into tourist destinations and the land bordering the rail lines into citrus farms.[24]