In 1924, the founder and mayor of the city of Hollywood, Florida, Joseph Wesley Young, bought of land adjacent to the lake. He then created the Hollywood Harbor Development Company. Three years later, the Florida Legislature established the Broward County Port Authority. On February 22, 1928, 85 percent of Broward County's residents gathered for a ceremony in which President Calvin Coolidge was to push a button from the White House detonating explosives to remove the rock barrier separating the harbor from the Atlantic Ocean. The button malfunctioned, but the barrier was removed shortly thereafter.