The lake is currently being drained as of November 2023 for silt remediation and modification of the aging dam spillway gates.

Over three dozen court cases had to be won, and over fifty thousand dollars to buy the land to construct the lake.

The Arkansas Game and Fish Commission was intrigued by promoters for the lake to be constructed and committed to building a dam if the residents of Faulkner County paid for the land.

[4][2] After word of the construction of the lake was found out by residents, land soared in price to up to as much as one hundred dollars an acre.

A state wide campaign was started, and over fifty thousand people donated for funds to construct Lake Conway.

The Arkansas Game and Fish Commission tried to remedy this problem by creating boating lanes for boaters navigating the lake.

The Environmental Protection Agency and The Department of Transportation’s Pipeline and Hazardous Materials Safety Administration sent officials to access the situation.

There was concern over oil reaching Lake Conway through a storm drain system that fed a cove.