Lake Ozark Board of Aldermen on Wednesday night will determine whether to approve or deny a deal with Osage Casinos.
The new property is part of a new entertainment district in Missouri announced last fall by the Osage Nation. The proposed sit is at 3501 Bagnell Damn Blvd. and is expected to be completed in multiple phases, with an estimated $60 million investment in the region.
Osage Casinos said the location will bring new jobs, tourism and revenue for the Lake of the Ozarks community. The planned property includes a casino, hotel, meeting space and event center.
The Osage Nation will pay the city 2.5% of the money it brings it from gambling activities each year in quarterly installments.
