The term “bight” is used to refer both to a bend in the shoreline, and to the wide bay which is formed by such a bend. There are several notable bights around the world, ranging from the Great Australian Bight to the New York Bight. Many bights support large settlements who take advantage of the shelter of the bight to moor boats and establish thriving trading communities. The term “bight” is often used interchangeably with words like “bay,” to the frustration of some geologists, who argue that a bight is a distinct geological feature. Basically, a “Bight" is the opposite of a peninsula - it's a body of water surrounded on three sides by land.
Now the Key West Bight is referred to as "The Historic Seaport" and it includes the "Key West Harbor Walk" for tourists to stroll along. It's still locally called the Key West Bight, and it's still a working marina that provides sustenance for the common man and benefits the entire economy of Key West. Even back in the old days there were tourists, but things were much different back then.