Since the late 19th century through the 20th century, Lake Ariel has had various thriving businesses. There were numerous sawmills, and Lake Ariel also had different factories such as a cheese factory and a chair factory. Many locals also held jobs at the ice houses and Lake Ariel Park. Lake Ariel Park was a major tourist area for the community. It contained a pavilion for picnics and dancing. There were also rides such as a waterslide, a rollercoaster called the Cyclone, carousels, and miniature train rides. The park also had a beach where visitors could go swimming or boating. The owners of Lake Ariel Park also purchased an airplane so that their visitors could pay to get rides in the plane. The Lake Ariel Park also led to the increased popularity of the Lake Ariel Hotel which was formerly known as the Columbia Hotel. The Lake Ariel Hotel stood in disrepair for many years until it was finally torn down in 2011. Unfortunately, the Lake Ariel Park had a worse fate. Due to summer hurricanes and bad winters the park had to be closed down in the early 1950s.