 The current hydroelectric dam was built in 1950 by the Wisconsin-Minnesota Light and Power Company, producing the current Holcombe Flowage.The flowage is a popular recreation area, and the shores are thick with homes and cottages.The town of Lake Holcombe is roughly a by 6 mile square, except that the west end is cut off by the Chippewa River, and a few square miles are added in the southwest.