Timeshares Demolished! Developer Clears The Way For Marriott On Lake Of The Ozarks [VIDEO]

LAKE OF THE OZARKS, Mo. — Demolition has begun on the Lakewood Resort timeshares, as the Oasis at Lakeport development team continues clearing the way for the $400 million entertainment complex and conference center on the shores of Lake of the Ozarks.

Equipment operators began dismantling the old buildings on Monday, Jan. 27, signaling the development team had finally cleared the myriad hurdles for the development process.

The job site had sat mostly quiet for several months, as the developer finished purchasing the timeshare complex and then completing the required steps for disconnection of utilities, asbestos testing, and permitting. That came after a flurry of activity through most of 2024 that resulted in multiple tiers of massive retaining walls, site blasting and leveling, and the erection of the first of many rides planned for the entertainment complex.

The Oasis project encompasses two peninsulas on the Lake; the one nearest the Grand Glaize Bridge will host the "entertainment" components, while the second peninsula is the site of a planned Marriott-branded hotel and conference center. Developer Jeff Tegethoff said last fall that the excavation crew had done as much as they could until the timeshares were ready to be torn down, so work stopped for awhile until the extensive pre-demolition checklist was completed.

The Oasis at Lakeport is expected to open Phase 1 in 2025, with additional components opening in 2026.