The townsite of Arrow once accommodated over 2,500 people, more than the towns of Winter Park and Fraser combined, as of the 2020 decennial census. The main street sported gas lamps—an amenity only seen in large cities such as Chicago, Illinois, at that point in time. Arrow was built around a wye to support the railroad efforts on Rollins Pass. Since wyes appear triangular and are shaped like arrowheads, the name took hold—Arrowhead, later shortened to Arrow. Arrow is truly a ghost town now. The main street has been lost to history, although there are a few graves nestled in a small grove of pine trees at the top of a hill overlooking the ski area at Winter Park. Arrow had at least 11 saloons as well as cafés, restaurants, several hotels, a post office, a schoolhouse, a grocery store or commissary, loading facilities, a pharmacy, four sawmills, a stockyard, and other buildings, including homes. The Elk Saloon was owned by Mart Wolf, who set fire to his establishment in hopes of collecting an insurance payout of $1,000. Unfortunately, the fire quickly spread, and Arrow was almost all but snuffed out of existence. The Moffat Road and townsite of Arrow on lower Rollins Pass face new challenges in the 21st century. Distressingly, this national historic district is threatened by development pressures; the Town of Winter Park has identified this land as within the “three-mile planning area,” and it is anticipated “this area will be annexed into the [town] as part of [a] property exchange.” One federal land exchange has been attempted, and advocacy efforts as well as permanent protections are needed.