| Name |
Lake of the Ozarks Community Bridge |
| Location |
Missouri |
| Mode |
Bridge |
| Description |
.5 mile toll bridge to improve mobility around Lake
of the Ozarks
Connects Horseshoe Bend and U.S. Business Route 54
on the developed east shore to Shawnee Bend and the
less developed west shore. |
| Sponsor |
Missouri Highway Commission
Lake of the Ozarks Community Bridge Corporation (LOCBC)
Four Seasons Corporation |
| Cost |
$25.78 million |
| Type 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.
|
| Revenue
Sources |
Toll |
| Project
Delivery / Contract Method |
BOT/BTO
Owned and operated by the LOCB Corp. |
| Private Investor Partner |
None |
| Project
Advisors |
HNTB Corp.
Wilbur Smith Associates |
| Lenders |
Bondholders |
| Physical
Status |
Completed 1998 |
| Financial
Status |
Closed |
| Innovations |
First project in the state to be developed
under the Missouri Transportation Corporation Act (1990),
which allowed private, not-for-profit transportation corporations
to play a role in developing projects as an alternative
to normal funding methods for roads and bridges.
Passenger car toll rates vary seasonally (on-season
/ off-season). |
| Related
Links / Articles |
State
law citation for the Missouri Transportation Corporation
Act
Bond
ratings: Lake of the Ozarks Community Bridge Corporation
Coverage in the St. Louis Post - Dispatch -
Bridge
Changes "Quiet" Side of Lake of the Ozarks,
Lake's
Bridge Will Be a Time-Saver
Coverage in the American City & Country - Joint
Grassroots Effort Helps Build Public Bridge
Coverage
of MO's SIB program in Innovative Finance Quarterly |
| Contacts |
Patty Purves
Missouri Department of Transportation
105 West Capitol Avenue
P. 0. Box 270
Jefferson City 65102
TEL: (573) 526-2412
patty.purves@modot.mo.gov |
| Last Review/Update |
Missouri DOT, March 2004 |
