The Cascade Town and Improvement Company was founded and, with Eliza Hewlett, contributed to the cost of the development of the Pikes Peak Carriage Road. It purchased land from the Marriott-Hewlett sisters in 1886, shortly thereafter platted the village's roads. The town of Cascade was established in 1886, and was named for the many waterfalls in the area. Ute Park, now Chipita, Green Mountain Falls and Crystola were also developed in this time period.