Just like MOST of us are comfortable with the fact that Kansas City's Country Club Plaza is NOT blighted- I believe most of us would also feel the same regarding the Lake of The Ozarks (LOTO).
Yet- Osage Beach elected officials gave a $3.5-million TIF to Springfield MO developer John Hammons to build a luxury hotel and other amendities at LOTO's Osage Beach near the Bagnell Dam.
Now- Osage Beach officials want to rescind the TIF- and a court battle is underway.
Hammons apparently promised somewhere along the line that his project would be built with or without the Taxpayer Welfare for Developers (TIF) and some of the commenters here on the LakeNews Online page where the article is located seem to know little to nothing on how TIFs work.
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1 comment:
The City of Osage Beach is not seeking to withdraw the Hammons Hotel TIF. The owners of the Lodge of the Four Seasons filed a lawsuit to contest the Hammons Hotel TIF redevelopment agreement. That lawsuit is being heard this week in Camden COunty Circuit Court. Both the City and Hammons are defendents in that matter.
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