As a combined public/private project, the dredging of Lost Lake provides boat access into downtown Mound and to private docks for new townhomes. The project remediated an existing landfill and chemical contamination from a nearby industrial facility. The new public walkway circling Lost Lake provides pedestrian access to the water's edge. A series of rain gardens clean stormwater before they release water into Lost Lake. A metro Environmental Partnership Grant from the Met Council aided this development.