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Lake of the Ozarks

Lake of the Ozarks resort development seeks tax financing

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March 3, 2023 12:06 PM
Published 12:03 PM

COLUMBIA, Mo. (KMIZ)

A planned family resort and entertainment district in Osage Beach is seeking a tax deal to help pay for the development.

Meetings will be held March 27 and April 17 at Osage Beach City Hall over plans for tax-increment financing for the Oasis at Lakeport, according to a city news release. Tax-increment financing, often called TIF for short, uses increases in property tax from a development to help pay for that development.

The planned $300 million resort is set to open in the summer of 2024, according to a news release posted on the resort website. It's planned for Highway 54 near the Grand Glaize bridge.

The Osage Beach Board of Aldermen approved a resolution Thursday to recommend the tax financing proposal for further scrutiny.

The project is being undertaken by St. Louis-based SkyView Partners and Tegethoff development.

Developers promise the Oasis will generate 500 jobs when operational.

Article Topic Follows: Lake of the Ozarks

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