Lake Ozark’s long planned casino project is moving full speed ahead.
On Wednesday night, the Lake Ozark Board of Aldermen unanimously approved agreements with the Osage Nation for a $100million hotel and casino at the Lake of the Ozarks.
The deal clears the way for the mayor to send a letter of intent to the Missouri Gaming Commission, signaling official city support.
The 27 acre site off Bagnell Dam Boulevard will feature a 40 thousand square foot gaming floor and 150 room hotel.
The Osage Nation will pay the city a 2.5 percent share of gaming revenues and a $100thousand annual fee for police services.
Next, the Bureau of Indian Affairs and Missouri’s governor must sign off before construction can begin. City leaders say a temporary gaming facility could open within a few years.