Town of Lake Lure Purchases Second Half of Strategic Property on Boys Camp Road

May 2018: As part of the recommendations included in the Rocky Broad River Small Area Plan, adopted in 2014, the Town of Lake Lure has purchased an additional 1.2 acres of a former campground on Boys Camp Road.

This now brings the total acquisition to 3.88 acres of riverfront property on Boys Camp Road.

The purchase price for the 1.2 acres was $165,400 and is being financed through a ten year, 3.75 percent interest loan with BB&T. 

The previous purchase of the 2.68 acres was for  $250,000.

Both pieces of property are located at 176 Boys Camp Road and include approximately 440 feet of shoreline and has Town water and sewer available.

It also contains floating docks from when the property was part of a large tract of land formerly owned by Land Resources, LLC, who developed Grey Rock in 2005.

Documents related to this latest purchase:

Resolution regarding the Town's Intent to Reimburse itself

Resolution Concerning the Loan with BB&T

BACKGROUND:

A judge ordered the property to be split in 2011. A private buyer has owned the land since then.

In addition to the land purchase being part of the approved recommendations from the Small Area Plan, some of the additional reasons for these purchases include:

              • It has strong potential to create a welcoming entrance into Lake Lure, Chimney Rock Village and Chimney Rock State Park
              • Allow public access to the river and lake for recreational opportunities
              • Allow for re-purposing opportunities for under-utilized properties
              • Increase lake-based revenue from possible kayak and canoe rentals or potential camping
              • Future recreational uses for the property include a river/lake access and take-out area for paddling and water taxi, bicycle rentals, tent camping, greenway connections, restrooms, and parking.
History of the Land:

The property was once part of a tract of land incorporated into the Town of Lake Lure in the 1920s. However, it was de-annexed shortly thereafter and was never part of the Town of Lake Lure's jurisdiction afterward. In the 1980s, the property was included in the jurisdiction of Chimney Rock Village when the Village incorporated. This original tract of land was the only property around Lake Lure where the owner owned a portion of the bottom of Lake Lure. 

In 2014, Town leaders adopted the Small Area Gateway Plan. At that time they identified an area along the river, near Town Hall and the Lake Lure Flowering Bridge. They believe, as the did then, that this property offers a significant redevelopment opportunity. The area itself consists of seven properties, one of which is already owned by the Town.