Crossposted from what I put up on the WoTC boards.
Just found this information about the town and it's history on another site.
May contain spoilers I have no idea.
Phandalin was an important farming center located northeast of Leilon, where the Triboar Cutoff East fades into a trail. The road was abandoned after years of orc attacks obliterated every caravan that passed down the road, conquering Phandalin in the process. When the orcs were driven out, the village was left largely in ruins, and it remains so today.
Under the leadership of a chieftain called Uruth, the orcs expanded steadily, building a realm called Uruth Ukrypt (Home of Uruth). Its name echoes today in Kryptgarden Forest. Too lazy to support themselves by farming, the orcs devastated the game in their realm and subsequently took to raiding human holdings for food. Some 400 years have passed since then, during which time concerted human attacks decimated the orc kingdom and nearly drove the creatures from the area entirely.
No one lives here now but monsters, though passing hunters and rangers often camp in one of the more secure buildings. It still has three usable deep wells, one of which is considered to be heavily tainted with an undetectable poison that kills the imbiber three days after ingestion. Orcs and half orcs are supposedly immune to the toxin.
The orc attacks forced gnomes and dwarves to abandon a mountain delve near Phandalin where they mined mithral in a union they called the Phandelver’s Pact. This lost lode was called Wavecho Cave because the roll of waves beating on the shore could be heard in the natural cavern. Shortly before the mine was abandoned, a lode of platinum was discovered. The size is unknown, but a very old dwarf who worked the mine remembers that the vein "held great promise."
Phandalin is the best preserved of the many ruined keeps and villages scattered along the Sword Coast, most of which are little more than heaped stones, graves, and cellars hidden by reed grasses and creeping vines. Many of these areas shelter predatory beasts or passing adventurers.
Here is the link to where I got that info, maybe we can mine some more information about the town or area from other sources.
Just wanted to highlight this bit here from the L&L article:
That’s the starter set in a nutshell. As of the publication of this article—June 9, 2014—the Player’s Handbook will have been dispatched to our printer.
So the Player's Handbook is off to be printed I hope they went through and fixed all those errors everyone spotted in just that one leaked screen shot of the wild surge table. I mean there were a few missing numbers and a couple misspelled words I believe.
On the topic of the name of the the mine Phandelver or (Fan - delver), people could pronounce it (Pan - delver) like panning for gold, or (Fane -delver) maybe there was an old temple near the mine.