I'm not 100% sure it's good for the arubians (the people). A few have made money - but for the typical person living on the island - prices have gone up, the downtown area has been "vacated" due to the passeo mall and all the "stuff" being built by the high rises. The high rise area has too much traffic and is starting to look like Cancun. It has not been "regulated" so it looks nice - it's just a mash of buildings - the one building that is nice is the one next to the italian resturant that looks like little dutch buildings.
The building of condos is totally out of control!! They are expensive and I don't think they are selling well in this economy so there will be a lot of empty units out there.
I am also concerned about the amount of crime that is happening at the hotels and on the island all around.