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How a man-made lake sunk Continental Country Club into bankruptcy

Lake Elaine to File Bankruptcy

A sinkhole that opened up in Lake Elaine, resulting in an inability to maintain water levels, is still visible Thursday morning beneath the lake's concrete barrier and plastic liner.

When Lake Elaine was constructed in the 1970s, it was an asset to the Continental Country Club that buoyed the property value of waterfront homeowners.

But in recent years, the man-made lake has failed to hold water and plunged the club into a series of costly repairs and lawsuits. Now, the club is trying to emerge from bankruptcy with a plan that would keep Lake Elaine drained once and for all.

Lake Elaine to File Bankruptcy

Bobby Goitia clears debris from a sinkhole Thursday morning that opened up in Lake Elaine in the Continental Country Club neighborhood, making it impossible to maintain the water level.

Lake Elaine to File Bankruptcy

Two kayaks and their respective floating boat ramps sit unused Thursday morning on the edge of what was once a man-made lake known as Lake Elaine in the Continental Country Club neighborhoods. The lake was drained in 2016 after sinkholes developed in the lake, making it difficult to maintain water levels.

Lake Elaine to File Bankruptcy

A 37-acre man-made lake in the Continental Country Club neighborhoods known as Lake Elaine is completely dry and drained Thursday morning. The lake was drained in 2016 after sinkholes opened in the lake, making it impossible to maintain water levels.



Sean Golightly can be reached atÌý[email protected].
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