source: The Republican (Danville, Indiana) - issue of Thursday, September 19, 1963 - page 1, columns 4-5:
According to a newspaper article, on Saturday, September 14, 1963 a groundbreaking ceremony was held by the Mill Creek Community School Corporation (which represented Liberty Township, Clay Township and Franklin Township) for the new Cascade High School in Clayton. The building was to cost $1.5 million and when completed would serve the students from the former high schools of Clayton, Amo and Stilesville.
The site of the new school was described in the article as being on Jacktown Road (aka County Road 200 West), north of US 40.
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