During heavy rains, water pools in a basin about the city and funnels through the gap and has resulted in devastating floods.

Templeton Gap is a narrow outlet below a semicircular range of rocky hills that is about 800 feet (240 m) higher in elevation than the city of Colorado Springs.

[4] In 1922, there was significant hail and rain that flowed through Templeton Gap and flooded Papeton with four feet of water.

[8] The Colorado Springs Country Club was built on Templeton Gap Road on property originally the site of the McKnight Dairy Farm.

[9] The Templeton Gap Floodway is a 2 miles (3.2 km) levee to Monument Creek from just east of Union Boulevard[10] in the Pikeview neighborhood.

It is owned and maintained by the City of Colorado Springs and is designed to carry 13,500 cubic feet of flood water per second.