Shangrilá is acronym of: Sociedad Hipotecaria Administradora de Negocios Generales Rentas Inversiones Locaciones Anónima (S.H.A.N.G.R.I.L.A), name of the society with Argentinian capitals which was the proprietary of the terrain.[clarification needed][citation needed]
History
Originally a seaside resort, now it is a residential neighbourhood and resort of Ciudad de la Costa. It was created in 1946 on 57 hectares, which were owned by the Sociedad Anónima Hipotecaria de Adquisiciones, Negocios, Inversiones y Locaciones. Between 1985 and 1996 its population increased 70%.[citation needed]
In 2011 Shangrilá had a population of 3,195.[2][3]
Year
Population
1963
372
1975
1,057
1985
1,758
1996
3,014
2004
2,902
2011
3,195
Source: Instituto Nacional de Estadística de Uruguay[4]
Transport
As an extension of the Rambla of Montevideo, Route 10, known here as the "Rambla Costanera", crosses the stream Arroyo Carrasco and runs along the seafront of Ciudad de la Costa. The sister lake of the Lago Calcagno divides the resort from Carrasco Airport the other side of the lake and Route 101. Shangrila is divided by the long Avenida Luis Giannattasio, along which are concentrated the main commercial and service activities of the place. This avenue divides most of the resort from the lake to the north.[citation needed]