About Lead...
The century-old community of Lead was founded by miners and determined merchants who came to the Black Hills in search of their own rewards. They discovered a million-acre oasis teeming with wildlife, canyons and scenic hills. Deep within these hills they found gold.
In the spring of 1876, brothers Fred and Moses Manuel and two partners discovered the Homestake, quickly recognized as one of the most promising mines in the region. Soon, American mining magnate George Hearst bought out the Manuels and their partners for the sum of $105,000.
Over the years, gold production expanded and Lead began to grow. By the time South Dakota was granted statehood in 1889, Lead was the state's largest city, its neighborhoods serving as the new home of thousands of immigrants in search of prosperity. This diverse population worked side-by-side mining ore, cutting timber and establishing a business community that dominated the economy of western South Dakota.
As Homestake Mining Company grew, so did the cultural and recreational opportunities in Lead. The influence is still felt today. One hundred twenty-five years after the Manuel brothers discovered gold, the remarkable life of America's longest continuously operated gold mine came to an end, the victim of a declining world gold market and increased production costs. Today, Lead recalls its mining heritage through visitor tours, community celebrations and the Black Hills mining Museum dedicated to the town's rich and storied past.
Today's Lead's historic business district is witnessing changes that are restoring, rebuilding and revitalizing the community. New accommodations offer guests a variety of lodging alternatives and local landmarks are receiving facelifts. With its close proximity to state and national monuments, memorials and parks, scenic hiking and biking trails, skiing areas, and the quality of life unmatched anywhere else in America, Lead is an affordable and wonderful place to make a home or have a vacation spot for the family.
Lead's future also includes the development of the extensive Sanford Laboratories at the site of the old Homestake Mine. "A laboratory 4,850 feet underground in the Homestake gold mine in Lead, South Dakota, helped start a revolution in physics. Dr. Ray Davis installed a neutrino detector in Homestake in 1965. Neutrinos are subatomic particles produced by fusion in stars, and over the course of three decades, the Davis experiment led to the discovery that the neutrinos produced in our sun change type, or "flavor," on their way to earth. The change in flavor meant neutrinos had to have at least a wisp of mass -- a wisp that required a significant change in the Standard Model of how the universe works." The positive impact on K-12 education in the area as well as the two universities in the Black Hills parallels the ecomonic potential of this amazing project. http://www.sanfordundergroundlaboratoryathomestake.org/.
Lead holds promise for anyone who chooses to invest in its real estate and its future. |