The dam takes its name from a nearby section of the Green River canyon, named by John Wesley Powell in 1869. It was built by the U.S. Bureau of Reclamation between 1958 and 1964. The dam is high and long, and its reservoir has a capacity of more than , or about twice the annual flow of the upper Green. Operated to provide long-term storage for downstream water-rights commitments, the dam is also a major source of hydroelectricity and is the main flood-control facility for the Green River system.