Bay of Riches

Here's an idea, New Zealand's Poverty Bay is a beautiful area and appears misnamed. Why not change its name to Bay of Riches?

Golden Bay, at the top of the South Island of NZ was originally named Murderers Bay, but they thought of a far better name, reflecting the beaches of golden sand in the region. Likewise, the North Island has the Bay of Plenty, it is a bay of plenty, apparently. 

Bay of Riches, where the largest city on the bay is Gisborne. Watch the city boom as it jettisons its poverty label.