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Those who purchased the parcels of land gained stock into the Yankee Lake Company. With the age of automobiles, Yankee Lake became only a short drive to escape from the heat of New York City and New Jersey. By 1911, the area boasted that a population of 3,000 made Yankee Lake their favorite getaway. In the 1940's, a separate group called the Yankee Lake Association founded the Clubhouse as a place for social gathering, festivities, and a place where teenagers could hang out. In the late 1990's, the Yankee Lake Company dissolved, and The Yankee Lake Association merged with a new group called The Yankee Lake Preservation Alliance to form today's Yankee Lake Preservation Association.