The Seven Lakes-Pike's Peak Railway Company was formed in the fall of 1901 to build an electric trolley line from Clyde to Pikes Peak through Seven Lakes. It was expected to be completed within a year at the cost of $250,000 (). Henry C. Hall was one of the company's railroad directors. Hall made a proposal during a citizens meeting in the Colorado Springs council chambers in August 1901 regarding water at Seven Lakes. He asked for a review of the use of Seven Falls as a source of water for the city. He claimed it would be an expensive investment, but might not provide as much water as anticipated.