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City of Lake Ozark Awarded $300,000 Community Development Block Grant for Demolition Project: Lake Ozark, MO — The City of Lake Ozark has been named the recipient of a $300,000 Community Development Block Grant (CDBG) from the Missouri Department of Economic Development to support a $433,030 building demolition project focused on improving safety and redevelopment opportunities in the Bagnell Dam Strip area. The remaining $133,030 required to complete the project will be provided to the City by the property owner, Reese Development. As a result of the grant award, 23 structures on and around the historic Bagnell Dam Strip will be demolished. All properties included in the project are owned by Reese Development. Among the structures slated for demolition is the former Shoreland Motel located on the Bagnell Dam Strip. Additional buildings included in the project consist of a series of residential and commercial structures located along Carls Drive, Ballenger Road, Thornsberry Road, Beach Drive, and School Road. These structures were determined eligible for CDBG funding due to their advanced state of blight and lack of structural safety, in accordance with adopted building codes. Several of the buildings contain asbestos and other environmental contaminants, and all have been formally certified by the City as dangerous buildings. Buildings were prioritized based on safety concerns, structural deterioration, and overall risk to the public. To qualify for the grant, each structure was required to have been vacant for an extended period of time. Demolition work associated with this project is expected to commence in 2026. “We are proud to partner with the City of Lake Ozark and the Missouri Department of Economic Development to continue the momentum of the last two years on the historic Bagnell Dam Strip,” stated Peter Colovos, Chief Operating Officer of Reese Development. “Brick by brick and block by block we are committed to redeveloping this jewel of the Midwest,” he added. Reese Development has invested more than $600,000 over the last two years in cleaning up the Strip and demolishing dilapidated structures. City Administrator Harrison Fry expressed appreciation for the state’s support:“We are grateful to the State of Missouri for recognizing the opportunity to breathe new life into the Bagnell Dam Strip corridor. This project begins by removing long-standing, dilapidated structures so that safe, meaningful redevelopment can move forward. I would also like to thank Reese Development for their cooperation and commitment to property revitalization, as well as grant writer Tonya Raines for preparing a successful application that made this project possible.” For more information, please contact the City of Lake Ozark.

TEST TW WEATHER

Posted on , by dan

Revamped Highway 54 interchange to open next week

The signals and the intersection (top photo) at W Road and Highway 54 will be going away by the end of next week as MoDOT moves to open Highway 54 to non-stop traffic as part of a major interchange project. There will still be easy access to Bagnell Dam/Lake Ozark and Osage National Resort as part of the interchange. See map embedded in story for specifics. 

 

 

The long-awaited opening of the Highway 54 interchange in Lake Ozark will take place just in time for the annual Magic Dragon Street Meet Nationals car show and the start of the busy season in the lake area.

Contractors are scheduled to remove traffic signals at the intersection of Highway 54, Business Route 54, Route W and Osage Hills Road. The removal of those signals will coincide with the opening of the new multi-million-dollar interchange that will tie in those roads with Highway 54 in a more efficient manner, according to MoDOT officials.

Revamping of the interchange is part of the Missouri Department of Transportation’s ongoing effort to bring improvements and increase the safety for the traveling public, officials say,

The deactivation and removal of the signals is scheduled to begin on Wednesday, April 21. The removal of the signal and existing pavement will require eastbound and westbound lane closures on Highway 54 through Friday, April 23. Motorists are advised to proceed through the area with caution and watch for signage.
“This is a tremendous next step in the process of constructing the new interchange”, said Central Area Engineer Robert Lynch. “When the signals at the intersection are removed and the new interchange is opened, traffic will be able to flow more freely and safely through that area. We’re excited to reach this landmark moment in the project.”

Construction on the new interchange began in February of 2020. The new interchange is designed to increase traffic safety and improve traffic flow in an area where numerous traffic accidents have occurred. In addition to the new interchange, the project involves building several new connecting roads and three roundabouts in the same area.

The changes
Lynch advises that once the signals are removed, traffic from Route W, Osage Hills Road and Business 54 will no longer be able to access Highway 54 at the existing signal location and will be required to use the new interchange. For westbound traffic, access to Route W or to The Strip across Bagnell Dam will continue to use the existing exit ramp. Eastbound Highway 54 traffic wanting access to The Strip and Lake Ozark will use an exit ramp that will take motorists through a new roundabout and under the existing Highway 54 to a second roundabout. Motorists will be able to turn right to Route W or left to cross Bagnell Dam. 

The existing painted roundabout near Eagle Stop (former Rick’s C Store) will also be rebuilt in the near future. Motorists exiting westbound Highway 54 will come to a temporary T-intersection where they can turn right onto W Road or left to access Bagnell Dam and Lake Ozark.

More information about that project will be released at a later date.

Motorists are urged to watch for traffic signals and reduced speed limits during the construction.