History of Galveston

The economy of the island entered a long stagnant period. Many businesses relocated off the island during this period; however, health care, insurance and financial industries continue to be strong contributors to the economy. By 1959, the city of Houston had long out-paced Galveston in population and economic growth. Beginning in 1957, the Galveston Historical Foundation began its efforts to preserve historic buildings. The 1966 book The Galveston That Was helped encourage the preservation movement. Restoration efforts financed by motivated investors, notably Houston businessman George P. Mitchell, gradually developed the Strand Historic District and reinvented other areas. A new, family-oriented tourism emerged in the city over many years.

With the 1960s came the expansion of higher education in Galveston. Already home to the University of Texas Medical Branch, the city got a boost in 1962 with the creation of the Texas Maritime Academy, predecessor of Texas A&M University at Galveston; and by 1967 a community college, Galveston College, had been established.

In the 2000s (decade), property values rose after expensive projects were completed and demand for second homes by the wealthy increased. It has made it difficult for middle-class workers to find affordable housing on the island. Hurricane Ike made landfall on Galveston Island in the early morning of September 13, 2008 as a Category 2 hurricane with winds of 110 miles per hour. Damage was extensive to buildings along the seawall.

Current

After the storm the island has rebuilt with further investments into tourism, shipping, and continued emphasis on higher education and health care