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Stroud owned them and the power the dam generated until 1965. In 1963, the North Carolina General Assembly enacted the legislation that authorized the Town of Lake Lure to issue revenue bonds for the purpose of acquiring the assets from Stroud. The dam, power company, and real estate of Lake Lure were acquired by the Town of Lake Lure in 1965. [3]
This company funded dam construction on the Broad River which produced the lake after which the town is named. [3] The dam took two years to build and Lake Lure was finally impounded and filled by 1927. [4] At ordinary water levels, Lake Lure covers approximately 720 acres (2.9 km 2) and has a shoreline of approximately 27 miles (43 km). [4]
North Carolina Highway 94 passes through the community, leading north 28 miles (45 km) to U.S. Route 64 in Columbia and south across the lake 7 miles (11 km) to U.S. Route 264. According to the U.S. Census Bureau, the Fairfield CDP has a total area of 7.0 square miles (18.2 km 2), all land. [3]
Add all these factors together — the shortage of homes, the high prices and down payments, rising interest rates and ongoing ownership costs — and you have a perfect, if unsavory, recipe for a ...
Rutherfordton, North Carolina (1 C, 13 P) Pages in category "Towns in Rutherford County, North Carolina" The following 7 pages are in this category, out of 7 total.
The Lake Lure dam in western North Carolina overtopped Friday after Hurricane Helene inundated the area, forcing evacuations and prompting warnings from officials early Friday morning that the dam ...