Never happen?
Why?
(It's going to happen)
it would be impossible to move the culture of entitlement into a capitalistic society in less than a generation. then you have to obtain oodles of cash for construction because what was opulent inthe 50's is now -er- "quaint".
Then you have to upgrade things like the islands electrical capacity, streets, water/sewerage facilities, telecommunications, etc. infrastructure. that kinda money just isn't available for speculation.
and once you're done, you're gonna have to convince people to abandon micky mouse and/or reno/vegas, etc. to spend more $$$ to come down there. I just don't see it happenning in any realistic sense. people don't do things like they did in the 50's anymore.