Temporary Bagnell Dam Road Closure; Road Maintenance Project Beginning

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.

Posted on March 17, 2026 by harrison

Temporary Bagnell Dam Road Closure; Road Maintenance Project Beginning

The roadway over Bagnell Dam will be closed tomorrow (3/18/26) for MODOT maintenance work along the route. Residents will be able to access the Bagnell Dam Strip by way of Highway 242 or use of Bagnell Dam Boulevard off of Highway 54.

Also beginning tomorrow is a City road sealing project in the area of the Bagnell Dam Strip, from Bagnell Dam to Flynn Road beginning at 7:00 A.M. One traffic lane and several parking areas will be closed at a time, and the application is safe to drive on once the contractor has reopened the roadway.

The road sealing project will continue through the rest of the week, with Thursday (3/19/26) seeing work performed from Flynn Road to the MM Overpass, and Friday (3/20/26) seeing work completed from the MM Overpass to Osage Beach Parkway.

Traffic flow will be maintained during the duration of this project.