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===21st century=== [[Tropical Storm Debby (2012)]] surpassed the amount of rain brought by Hurricane Dora, and despite vastly improved drainage, much of Live Oak once again flooded. Interstates were shut down as portions were underwater, and much of the surrounding area was cut off from the outside world. In addition, dozens of sinkholes, some quite large, opened up all over the city and county, causing further damage. Several downtown buildings that were more than 100 years old were impacted and later torn down, replaced by public parks for community events. Live Oak remains the largest community and only full-fledged city in Suwannee County.{{According to whom|date=August 2024}} [[Eco-tourism]] in and around Live Oak brings thousands of people from all over the country to places such as the nearby Spirit of the Suwannee Music Park, the Suwannee River State Park, and numerous springs along the famed Suwannee River. In addition, agriculture-related business (including timber, pine straw, and watermelons) is still the dominant industry in Suwannee County, with international companies like Klausner Lumber making their home in and around Live Oak.{{Citation needed|date=August 2024}}
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