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Monterey had long been famous for the abundant fishery in Monterey Bay.
That changed in the 1950s when the local fishery business collapsed due to overfishing.
For some reason, the explorers failed to recognize the place when they came to it on October 1, 1769.
The city and surrounding area have attracted artists since the late 19th century and many celebrated painters and writers have lived there. Among Monterey's notable present-day attractions are the Monterey Bay Aquarium, Cannery Row, Fisherman's Wharf and the annual Monterey Jazz Festival.On the return journey, they camped near one of Monterey's lagoons on November 27, still not convinced they had found the place Vizcaino had described.Franciscan missionary Juan Crespí noted in his diary, "We halted in sight of the Point of Pines (recognized, as was said, in the beginning of October) and camped near a small lagoon which has rather muddy water, but abounds in pasture and firewood." Portolá returned by land to Monterey the next year, having concluded that he must have been at Vizcaino's Port of Monterey after all.Vizcaino also noted and named the "Point of Pines" (labeled on today's maps as "Point Pinos", the northernmost point of the Monterey Peninsula).All other uses of the name Monterey derive from Vizcaino's name for the bay.