The Ozarks are a sprawling, mountainous region which covers large parts of the states of Missouri, Kansas, Arkansas and Oklahoma. 'With 9 million visitors annually to the area, this property is uniquely situated to benefit from the broad local, regional, and national market that plays, works, and lives in Branson, Missouri,' the developers state in marketing material online. Still grand in scope, it is hoping investors won't be turned off by the development's rocky history. In 2018, they broke ground on the new development called The Ridge at Table Rock Lake. New developers bought the property three years later. In 2012, the Federal Deposit Insurance Company stepped in to purchase the development for just $3.1m. By Bevan Hurley For Dailymail.Com 19:38 29 Mar. Attorney in Missouri's Western District said in a statement that the failure of Indian Ridge Resort and North Shore Investments to abate, control or slow the erosion from the construction site persisted through at least the end of August 2011. McMansion Ghost Town: Inside the 1.6bn Missouri resort town in the Ozarks that was abandoned in the 2008 recession - before anyone even moved in. The developers were later convicted of violating state and federal clean water laws after excavated soil washed into Table Rock Lake, and Jim Shirato was forced to pay a $125,000 fine. It wasn't the only legal trouble the project fell into. A fifth person, James Clarkson, 45, of Arizona, last August received a 24-month prison sentence. It features approximately 24,963 square feet of living space. Plaster, who founded Evergreen Investments, LLC. Snider's wife Heather Gibbs, 54, and Drake's wife Vickie Hall, were each sentenced to three years probation for their roles in the scheme. This abandoned lakefront glass home, dubbed Crystal Palace, is located at 650 Evergreen Lane in Branson, Missouri and is situated on over 365 acres of land on the banks of prestigious Table Rock Lake. The abandoned resort buildings next to Table Rock Lake, east of Branson West, visible from Route 76, have become a source of curiosity for visitors to the region, which attracts up to 9 million tourists each year.Īnd now as the start of the warm season brings an influx of visitors, the unsightly mansions are continuing their slow decay. The original lead developer Jim Shirato was fined for violating state clean water laws and five people were convicted and sentenced for their roles in a real estate fraud scheme by lying to get loans to buy townhouses, local news outlet KY 3 reported. The project foundered as the 2008 financial crisis hit loans were defaulted on, and construction work came to a halt. The castle is privately owned.When it was launched to great fanfare in 2006, investors were promised the new $1.6 billion Indian Ridge Resort Community in the Ozarks region of Missouri would feature a shopping mall, a 390-room hotel and the country's second-largest indoor water park - and dozens of enormous, castle-like townhouses.īut 15 years later, the 900-acre development near Table Rock Lake, Missouri, lies mostly empty, and abandoned McMansions litter the vast site in varying states of disrepair. The basement resembled a dungeon with two-foot-thick concrete walls.Īnother interesting feature was a bookcase that would swing out to reveal a set of stairs leading to the working basement. The kitchen area had granite stones in the walls with bizarre phrases inscribed. Its features include a helicopter pad, a 20-car parking garage, a 3,00-square-foot master. On the top floor, surrounded with windows, was what appeared to be a command center with heavily secured doors. The 28,000-square-foot estate is located on the banks of Table Rock Lake on 350 acres of lakefront land. There were secret passages throughout the entire living area with inconspicuous peep holes into the rooms. Pressure sensitive strips were discovered under the carpet to show where a person was walking. Although much was dilapidated and trees grew in strange places, other strange things were found. When it was finally purchased it was in an advanced state of disrepair, but the buyers where ready to rehabilitate the castle. The building stood vacant for over 20 years. Whoever bought the property could not tear down the castle but would have to restore it. An amusement park is a park that features various attractions, such as rides and games, as well as other events for entertainment purposes. He put it up for sale, but with one stipulation in the deed. When he finally resurfaced, his broken heart could not permit him to return to the estate. Supposedly the castle was a shrine to his wife, and when she left him he was devastated, and he basically disappeared. Stuart essentially had a castle built around this old structure completely enveloping it. An old house built in the early 1900s was located on the property. Stuart, a dermatologist, acquired the estate which overlooked a picturesque bend of the Meramec River. The castle is located off of Lewis Road on the Meramec River in St.
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