Wow would have been sweet to see that happen. Wonder if any people are missing...
This is very possible though, I'm no geologist, but sink holes do exist. Usually has to do with lots of limestone dissolving and then the earth above it collapses making a huge hole. Maybe there was a cave system there as well for the water to drain into. Would have been creepy as heck to have been swimming there and then notice you and the water line are stinking.
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