Regardless of the lack of success in Disston's canals, the money he paid to the Internal Improvement Fund allowed other industrialists to take an interest in the development of Florida. In the early 1880s, railroad tycoon Henry Morrison Flagler spent a vacation in the town of St. Augustine, a brief distance south of Jacksonville, and, enchanted with it, decided to build an opulent hotel there. He extended the rail line—renaming it the Jacksonville, St. Augustine & Indian River Railway—to Daytona Beach, and then to Palm Beach. As the railroad was built, citrus farms followed, and Flagler constructed hotels down the east coast, envisioning a version of the French Riviera in Florida. A friendly competition developed between Flagler and another railroad magnate named Henry Bradley Plant. While Flagler oversaw the construction of rail lines and hotels along the east coast, Plant concentrated on extending the railroad from Sanford to Tampa, crossing the state and connecting the coasts. At the terminus of this line he built the exquisite Tampa Bay Hotel, opened in 1891.