Is there a money pit on Oak Island?

For more than two centuries, stories have circulated that Oak Island, located off Nova Scotia, Canada, held a money pit of buried treasure - supposedly left by the pirate Capt. William Kidd(1645-1701). Over that time, numerous expeditions costing millions of dollars have traveled to the island searching for the lost treasure, to no avail.

Despite centuries of searching no treasure has been found on Oak Island. Nevertheless that doesn't stop people from trying to find it. A History Channel show called the "Curse of Oak Island" follows a modern-day expedition; the show was just renewed for a fourth season in 2016.