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| The Latest at Lake of the Ozarks |
Here's where you'll find the latest on what's going on at the lake. Catch up on local news, upcoming events, trends in real estate, real estate investment strategies, and more. Look here to find the latest at the lake.
New Developments
The lake area continues to grow as Camdenton, Osage Beach and Lake Ozark have paved the way for large retail/commercial developments by approving tax increment financing districts (TIF) and community improvement districts (CID) for developers.
A TIF is a tax incentive designed to assist developers with costs associated with redevelopment. A TIF provides for the repayment of bonds for construction costs to be repaid by the difference between pre- and post-development taxes generated by the project. A CID is a financing tool that allows developers to recoup some costs through collection of a sales tax from businesses within the project. A CID is handled separately from a TIF.
After over two years of legal battle, the City of Osage Beach has prevailed against Four Seasons Marina Rentals Inc. to extend a 3.7 million Tax Increment Financing district to John Q. Hammons Hotels & Resorts for Chateau Lake of the Ozarks.
The Chateau at Lake of the Ozarks development near the Grand Glaize Bridge on the point next to Mungenast Marina, is planned to be a 15 story, 300 room resort hotel with a 100,000 square foot convention center and a 2 story 15,000 square foot spa. The resort/hotel complex was scheduled to be ready for occupancy by spring 2010, and now appears ready to move ahead.
Private Quarters Timeshare at Porto Cima
Private Quarters at Porto Cima are fractional ownership units that allow an annual 21 days of ownership taken in 3, 4 or 7 day intervals. Full golf and club membership privleges at the magnificent Porto Cima golf course, are included.
Take a Tour of Private Quarters at Porto Cima
Lake Real Estate Values
Statistics on lakefront homes and condo sales at Lake of the Ozarks show that volume is down, but prices have held fairly steady. The stats take a look at transaction volume and selling prices with comparisons to previous years...Is now the time to buy?
Statistics on Real Estate Values at the Lake
Self Directed IRA
Considering investing at the lake? An interesting but not well known option is to invest in real estate within a self directed IRA. Read more in this article by Kelli Click of Sterling Trust Company on investing in real estate in self directed IRAs.
Complete Article on Investing in Real Estate with a Self Directed IRA
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