the only plan the city has is to develop it some more. There is a new development sign just south of the lake (if you can call it that). the City has made good profit turning this area over to industrial zoning. Specially when you consider that the land across the street from the lake was almost all owed by the City. The surrounding development allowed the City to cash in on their share of the land transferred to industrial zoning.
The damages done to that area were well documented and declared an disaster. It still is a disaster area. Lots of us enjoyed fishing there, not so many years ago. It is the only place my sons and I used to go fishing. It was near by, easy, affordable and nice and quiet. Now, with all the truck traffic, you can barely heard the birds singing there.
there is more industrial development planned for the area, resident neighbors are all worried about their local creeks.