Update 11/8: The following information is from a neighbor of the people who live in these homes. He said, “Lake of the Ozarks is the only privately owned lake in the state of MO. All others are owned by the Core of Engineers and they own lake front except Lake of the Ozarks. Talked to a friend, that is a builder, he said there are no lake front lots left there, as it was created in the 1920s.
It could be billions if they take that over. It is one of the largest man made lakes in the country. Sounds like the core is just trying to get the last lake they do not control. Lot of money up there do not think they will succeed.”
Original Story: For 80 years, the lake home owners along the Ozark have had a great relationship with their neighbor, Bagnell Dam and Osage hydroelectric project, which actually formed the lake.
Over the years homes were built and extended, apparently on property that intrudes on the Dam, at least that is according to the government, in the form of the Federal Energy Regulatory Commission. Many years prior, under an earlier form of the current company, this was allowed, and how the land was sold in unclear.
The owners of the Dam property have no problem with the location of the homes, but they recently asked for a renewed 40-year lease from the FERC, who, in turn, demanded the removal of the homes. It turns out the homes to be removed would encompass half the community.
The homes are now worthless. Community residents will not go quietly and are a demanding a favorable resolution from the government.
The utility has proposed shifting the project’s property boundaries to get many of the residences out of danger and the FERC has stated that: “FERC’s role is to ensure that the licensee is following the terms of the license, and approve shoreline management plans. It is the responsibility of the licensee to carry out the terms and conditions of the license, including shoreline management plan.” Read here: The long arm of the government
The homes have existed for decades without incidence. There is no need for the government to do this.
Don’t think for a minute that it will be better when the IRS is in charge of your healthcare. This is the nature of a bureaucracy in every area of your life.