Boiceville was named for Lemuel Boice (born in Shokan in 1819, died in Boiceville, 1899), who established a tannery in the town. Members of the Boice family owned tanneries, bluestone quarries, stores, farms, lumber businesses and mills in Olive for many years.[3] Boiceville was relocated due to the construction of the Ashokan Reservoir. The current commercial center of the town is subject to severe flooding during exceptionally powerful storms. Some businesses have accepted buyouts from the New York City Department of Environmental Protection. The future of others is in doubt.[4]