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Economy On Fire! The Hottest Business Stories In 2023 At Lake Of The Ozarks

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Top Economic Stories Of 2023

The Lake of the Ozarks is growing, and there was no shortage of big economic stories and announcements this year. 

Whether it's iconic locations going on the market or exciting (and controversial) projects in the area, LakeExpo.com readers were buzzing over these hot stories this year... some of which have been in the works for years.

Here are the top 10, listed in no particular order...

1. The Oasis Project Dominates The Headlines 

Blasting, excavation, the construction of a massive retaining wall: all have been on a very public stage alongside the Grand Glaize Bridge as developers continue to build a family-friendly entertainment district and hotel/conference center on Lake of the Ozarks. Behind the scenes, they're attempting to buy timeshare condos in the area...

2. Potential Future For The Declining Outlet Mall

In the past decade, the mall has been in decline, with droves of retailers leaving in the last few years like the recent exit by Carter's - but the outlet mall is under contract to be sold. For the second time.

The investor group planning to buy it says they have plans to redevelop it with family-friendly entertainment, restaurants, and retail. But all's been quiet on that front for months, and the future of the mall is still far from certain...

3. Osage River Casino: Big Partnership & Location Revealed

The City of Lake Ozark this year gave its official support to the construction of a state-regulated casino on the Osage River. The investor group behind the plans for a casino has also partnered with Bally's, and is angling to build the casino off Highway 54 on undeveloped Eagles' Landing property. However, there are still plenty of hurdles to clear, including a change to Missouri's constitution...

4. New Project At Bagnell Dam Blvd. & Horseshoe Bend

The Lake community has been wondering what’s planned for the long-vacant lot. The owner this fall announced a planned development, dubbed The Toy Box, to be built on half of the large, vacant space. It will include what are essentially high-end units that include a garage space to store a boat, RV, or vehicle as well as a loft and living space for each unit.

5. The Iconic Captain Ron's Bar & Grill Is For Sale

The site of the Lake's biggest annual events, the Shootout boat races and AquaPalooza, Captain Ron's Bar and Grill is for sale. The venue hit the MLS the week before Christmas, and the news exploded across the Lake's nationwide community. Our prediction: it won't be on the market for long.

View the listing here.

View the article below.

6. Beloved, Bear Bottom Resort Up For Grabs

Located at the 38 Mile Marker by water, and 123 Bear Bottom Road, Sunrise Beach, by land, the family resort is on the market. From the iconic waterslide to the restaurant, the RV park to the lakeside cottages, Bear Bottom Resort is a gem.

7. Legendary Larry's On The Lake Hits The Market

It's one of the most recognizable waterfront hotspots in one of the busiest parts of Lake of the Ozarks: Larry's On The Lake is for sale. New ownership could expand and continue operating the property as a restaurant. But the property's elevated area offers a stunning backdrop for potential development...

8. The Stunning, 154-Acre Seven Springs Winery Is For Sale

Nestled in the hills along the Lake’s shoreline, the Seven Springs Winery estate is anchored by an 8,100 sq ft restaurant and winery, with lovely, landscaped seating areas and an outdoor area perfect for live music or small weddings. View the article below, and the listing here.

9. Osage Beach Will Finally Own The Lake's Longest Airstrip

Lee C. Fine Memorial Airport (AIZ) has long been operated by the City of Osage Beach, but on land leased from the Missouri Department of Natural Resources. However, thanks to a pending agreement between the two entities, the city could soon own the ground beneath the airport, which is huge news for the future of air travel to the Lake.

10. Osage Beach Apartment Complex To Open Doors Next Summer

The Preserve at Sycamore Creek, a new apartment complex in Osage Beach, promises to bring at least 268 units to the Lake of the Ozarks area's desperately under-supplied housing scene. Tegethoff Development founder Jeff Tegethoff said they expect to have the first building opened by summer 2024 after the official groundbreaking in March.

11. The Lake's Demographics Are Changing With National Migration

The Covid-19 epidemic and the real estate boom that followed have expanded Lake of the Ozarks’ national profile, bringing a whole new crowd to the Lake area. This new crop of Lake of the Ozark-ians are skewing younger, and coming from further away. This article from the 2023 issue of Shore Magazine, republished by LakeExpo, was one of our biggest economic stories of the year: read by more than 20,000 people.

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