||Missouri Highway Commission
Lake of the Ozarks Community Bridge Corporation (LOCBC)
Four Seasons Corporation
The Lake of the Ozarks Community Bridge is a ½-mile toll bridge that improves mobility around Lake of the Ozarks, connecting Horseshoe Bend and U.S. Business Route 54 on the developed east shore to Shawnee Bend and the less developed west shore. The route saves 30 to 50 miles of travel around the lake. Passenger car toll rates vary seasonally (on-season/off-season).
To finance the bridge's construction, the Lake of the Ozarks Community Bridge Corporation was formed in 1992 under a state law provision enacted in 1990 to allow private, not-for-profit transportation corporations to play a role in developing projects as an alternative to normal funding methods for roads and bridges.
|Sources of finance
$40.1 million tax exempt toll revenue bonds, series 1996, sold by LOCBC for construction, contingency funding, capitalized interest and cost of issuance
$43 million bridge system refunding bonds sold by LOCBC to refund the series 1996 bonds, fund debt service reserve, and pay cost of issuance of the series 1998 bonds.
Owned and operated by the LOCBC
Wilbur Smith Associates
|Duration / Status
||Completed May 1998
First project in the state to be developed under the Missouri Transportation Corporation Act (1990).|
|Related Links / Articles
||Missouri Transportation Corporation Act Statute
MoDOT Newsletter Discussion
Missouri Department of Transportation
105 West Capitol Avenue
Jefferson City, MO 65102