After both Denton and McKinney voted to allow alcoholic sales in their cities, Lincoln Park began to decline.

Previously it consisted of the original mobile home park, a liquor store and a Trail Dust Steak House restaurant.

Due to the land being sold for redevelopment to Centurion American Development, on March 29, 2015, the Trail Dust Steakhouse closed permanently and has been leveled.

[6] Little Elm struck a deal with an arm of Centurion American Development, a mega-developer that has built everything from high-rises to master-planned, vastly upscale residential enclaves.

Little Elm then annexed Lincoln Park in an acrimonious and legally disputed maneuver in April.

[7] According to the United States Census Bureau, the town has a total area of 0.2 square miles (0.52 km2), all land.