The Transportation Development District (TDD) for the Dierbergs Markets project on Osage Beach Parkway has been formed and all of the political and legal entities have signed off.

It’s official, at last.

The Transportation Development District (TDD) for the Dierbergs Markets project on Osage Beach Parkway has been formed and all of the political and legal entities have signed off.

The final authorization came this week when the Camden County Commission formally acknowledged that the TDD had been formed and is in existence as the final requirement for it to begin operation.

Osage Beach City Attorney Ed Rucker informed the board of aldermen last week that the District Court judge had signed an order receiving the election results in which the property owner ― in this case is the developer ― voted to create the sales tax to fund the Dierbergs TDD.

Those final hurdles open the way for Dierbergs Markets to begin collecting up to 1 percent sales tax at Dierbergs Lakeview Pointe Shopping Center to fund a variety of infrastructure improvements.

Much of the infrastructure already is underway, including:

•Improvements to Links and Zebra roads for right-in, right-out ingress and egress

•A new intersection at Osage Beach Parkway and Links Road

•Improvements along a portion of Osage Beach parkway to provide for a deceleration lane, an acceleration lane and a right-in, right-out ingress and egress to the TDD area

•Traffic channeling islands

•Retaining walls and guardrails

•Improvements for a signalized intersection along a portion of Osage Beach Parkway and the main driveway

•Construction of main driveway, perimeter roads, drive aisles and service drives

•Various curb cuts, road and landscape improvements

Strait-Line Construction USA, Inc., of Osage Beach was awarded the TDD contract in May.

Strait-Line is a locally owned and operated concrete contractor with offices at 1005 Redbud. Strait-Line has been in business in the area for nine years.

Included in the Dierbergs Lakeview Pointe Shopping Center project is a $5.1 million Tax Increment Financing plan adopted by the city of Osage Beach based on a total estimated project cost of $34.2 million.

The TIF agreement provides for a TIF incentive to the developer of $3 million for the Dierbergs grocery store and an additional $2.1 million for the remaining retail buildings.

The store

The Osage Beach store will be the company’s 25th and its first outside the St. Louis metro area. A Dierbergs store in Wentzville marks the company’s western-most boundary.

Features will include:

•A 30-foot high Market Hall structure with an abundance of natural light, trusses and other architectural details.

•An expansive Lakeview Terrace with indoor and outdoor seating areas to enjoy prepared foods.

•An extensive whole-life department of organic and natural foods.

•One of the Midwest’s largest fresh-prepared foods programs for on-the-go dining or enjoyment in-store.

•The balance of the center will be occupied by two to three junior anchor stores, plus other retailers in spaces attached to the supermarket.

Employment

Dierbergs Markets intends to maintain a minimum of 80 full time equivalent employees within the Dierbergs store. Proposed tenants in the entire project are expected to maintain 110 full-time equivalent employees for a total of 190 FTEs.

The entire development would be built in two phases, the first of which would include Dierbergs grocery. The second would accommodate additional junior retail stores as yet to be determined.

The entire project could range from 127,000 square feet of gross floor area to 143,000 square feet depending on how many junior store retail spaces are built. The Dierbergs store would be 77,639 square feet.