From 1914 through most of the 20th century, Valparaíso experienced a significant decline. As the port became less prosperous and the wealthy moved to nearby cities, the homes along the cerros (hills) began to deteriorate and businesses struggled. During the 1990s, a major revitalization effort was spearheaded by the Fundación Valparaíso. With a renewed public spirit and $73 million in funding, the neighborhoods were revitalized by residents and artists with a rainbow of colors. Today you will enjoy views of terraced charm that earn the city’s nickname “The Jewel of the Pacific.”