At its height, Calico boasted a population of 1,200 people, and over 500 mines. During the mid 1890s the price of silver dropped and Calico's silver mines were no longer economically viable. With the end of borax mining in the region in 1907 the town became completely abandoned. The last original inhabitant of Calico before it was abandoned, Mrs. Lucy Bell Lane, died in the 1960s. Her house remains as the main museum in town.
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In 1966, Walter Knott donated the town to San Bernardino County, and Calico became a county regional park.
Today, the park operates mine tours, gunfight stunt shows, gold panning, a restaurant, the Calico & Odessa Railroad and a number of general merchandise stores. It is open daily, and requires an entrance fee. During the tours, one may see silver ore so rich that there are gray spots of silver in the rock.
Some believe that Calico is haunted by the spirits of miners. The town was the basis for the Kenny Rogers and the First Edition album The Ballad of Calico.
Calico is a registered California historic monument, and is one of a number of ghost towns in California (other examples are Drawbridge, California and Bodie). It is the "official state silver rush ghost town" of California.