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"Lake McDonald, the first large reservoir in Texas, was formed by the construction of Austin Dam, which was begun in 1890 and completed in 1893. Because there were no other major obstructions of the Colorado River at that time, the Austin Dam trapped large amounts of sediment that washed downstream. Gradually, the pressure caused the dam to slide, and in 1900 it gave way during a heavy rainstorm, causing extensive flooding. The dam was partially rebuilt in 1915, but construction was abandoned because of a dispute between the contractor and the city of Austin. High waters destroyed the unfinished dam later that year." Learn more about Lake Austin (formerly Lake McDonald) from the Handbook of Texas.
"The old Austin Dam, partially rebuilt under Mayor Wooldridge but never finished due to damage from flooding in 1915, was finally completed in 1940 and renamed Tom Miller Dam." Learn more about Austin from the Handbook of Texas.
Text from Handbook of Texas Online, http://www.tsha.utexas.edu/handbook/online/
You can find statistics and other current information on the Tom Miller Dam from The Lower Colorado River Authority.