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Boone Lake may house one of the smaller lakes that the state has to offer, but the lakefront real estate packs a southern punch - with the average cost of shorefront property sitting at a cool $1.37 million according to a 2020 study. [3] This places Boone Lake as the sixteenth most expensive lake shorefront property in the United States.
Still intent on development projects to improve the economic conditions of the Little Tennessee Valley, TVA began sales on lakefront acreage that the agency seized through eminent domain. [39] Many impacted landowners were unable to qualify to bid on their former properties. [40]
From 1940 to 1942, the Tennessee Valley Authority (TVA) began purchasing property and performing acquisitions by eminent domain in the communities of Jefferson City in Jefferson County, and Bean Station in Grainger County, for the construction of Cherokee Dam and the impounding of the Holston River for Cherokee Lake.
Tellico Village was created along the shores of Tellico Lake, which was formed due to the Tennessee Valley Authority (TVA) damming the Little Tennessee River at its confluence with the Tennessee River. Tellico Dam was completed in November 1979 after a long battle, which involved the Endangered Species Act of 1973 and a fish called the snail ...
Development of the site included a hotel and outdoor waterpark. The second area opened in December 2008 and offers a condominium resort and indoor waterpark (titled the 'Wild WaterDome', which is one of the largest indoor waterparks in Tennessee [1]). The third area added was the 'Lake Wilderness' outdoor waterpark and became available in May 2009.
[1] [2] Douglas Dam is located just over 32 miles (51 km) upstream from the French Broad River's confluence with the Holston River in Knoxville, to form the Tennessee River. The Douglas Lake reservoir inundates about a 40-mile (64 km) stretch of the French Broad River between the Douglas Dam and the Irish Bottoms area near Newport.
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