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Lake Lure, North Carolina
Lake Lure is a town in Rutherford County, North Carolina, United States. As of the 2000 census, the town population was 1,027. Lake Lure was incorporated in 1927, and acquired the lake after which it is named in 1965. The plans for development came to a halt in 1929 with the advent of the Great Depression. A mortgage-holder, Stroud & Company of Philadelphia, Pennsylvania, foreclosed on the lake and the dam. 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. In modern times, the town continues to sell electricity to Duke Energy, although profits from the dam now come second to maintaining a fixed water level year-round for the residents of the Lake Lure area.
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Lake Lure North Carolina Demographics
As of the census of 2000, there were 1,027 people, 495 households, and 359 families residing in the town. The population density was 75.6 people per square mile. There were 1,957 housing units at an average density of 144.1/sq mi. There were 495 households out of which 10.1% had children under the age of 18 living with them, 68.1% were married couples living together, 3.2% had a female householder with no husband present, and 27.3% were non-families. 22.4% of all households were made up of individuals and 12.5% had someone living alone who was 65 years of age or older. The average household size was 2.07 and the average family size was 2.38. In the town the population was spread out with 10.4% under the age of 18, 3.2% from 18 to 24, 14.1% from 25 to 44, 35.9% from 45 to 64, and 36.3% who were 65 years of age or older.
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