Land Development
With the demise of the iron industry, the now-renamed Oregon Iron & Steel Company turned to development of its approximately 23,000 acres (93 km2) of land surrounding the lake. The company built a power plant in 1909, just before the incorporation of the City of Oswego in 1910. Headed by Oregon Iron & Steel president William M. Ladd (son of former Portland mayor William S. Ladd, who was one of the original investors in the Oregon Iron Company), the Ladd Estate Company converted the iron town into a prestigious lakeside retreat.
In 1924, Paul Murphy developed the Oswego Lake Country Club to promote Oswego as a place to "live where you play." The Paul Murphy Company replaced Ladd's company as developer of Oregon Iron and Steel's property in 1940, and the following year, Oregon Iron and Steel created the Lake Oswego Corporation, which still owns the lake as a private corporation of lakefront property owners. In 1960, shortly before ending its existence, Oregon Iron & Steel was disbanding deeded the powerhouse and dams to the corporation.
With the relative scarcity of building easements, lakefront property remains prestigious, and a number of architecturally significant homes have been built along its shores, including the Carl C. Jantzen Estate, a Tudor-style estate on the National Register of Historic Places, built on an island on the lake's north shore by the founder of the Jantzen swimwear company in 1930. In addition, the lakeshore features homes by noted Portland architects such as Richard Sundeleaf and Van Evera Bailey.
Read more about this topic: Oswego Lake
Famous quotes containing the words land and/or development:
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