Demolition of the vacant Jake's Steak and Golden Door Motel is expected to begin before the end of the year to make way for Osage Beach's newest retail development, Osage Beach Commons.

Demolition of the vacant Jake's Steak and Golden Door Motel is expected to begin before the end of the year to make way for Osage Beach's newest retail development, Osage Beach Commons.

Tim Lowe, vice president of leasing and development for project developer Staenberg Group in St. Louis, told the Osage Beach TIF Commission Wednesday night that public improvements to the 13.71 acres of land should begin early next year.

Lowe addressed the Tax Increment Financing Commission as part of a public hearing on an amendment to the original TIF agreement which was unanimously approved by both the commission and board of aldermen several months ago.

Commissioners adopted a resolution in support of the amendment and the board of aldermen will now consider the proposed change at a future meeting. There was no written or oral opposition to the proposed amendment.

Osage Beach Commons is an estimated $30.5 million retail development proposed for east of the Passover Road/Osage Beach Parkway intersection. It would be on property now occupied by the closed Jake's Steak and Fish Restaurant and Golden Door Motel, in addition to several acres southeast of those vacant buildings.

The amendment would amend the estimated redevelopment project cost to include the cost of repaving Jayhawk Road at a cost of $50,000. This reimbursable cost would be added to the TIF plan for Osage Beach Commons, bringing the total estimated project cost to $30.5 million, up from $30.4 million.

Under the proposed change, $4.6 million (up from $4.5 million) of the project cost would be reimbursable project costs -- or 14.9 percent up from 14.8 percent. Jayhawk Road is on the southwest side of the Golden Door Motel.

Lowe said Osage Beach Commons is projected to be completed by the end of 2018 or early 2019 and will showcase as many as 20 retail tenants. He recently attended a retail leasing conference at which time several prospective tenants showed interest.

TIF Commission Chairman Kevin Rucker opened the meeting the Pledge of Allegiance and a moment of silence for those killed and wounded in the Las Vegas massacre.