There are some new developments regarding the proposed Arrowhead Center Development. During Thursday night’s Osage Beach Board of Alderman meeting, a bill was passed which is the first step towards the proposed Tax Increment Financing Plan that will assist with the project’s development. Mayor Penny Lyons has more details.
The proposed funding agreement is not a bill to increase taxes, but rather a funding agreement that will be used in the development. The Arrowhead Center is a proposed $385 million dollar development that will be built in eight phases, the first being a state of the art rehabilitation and convalescent hospital.