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.

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. 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. 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. The new developers took over the project and in 2018 unveiled plans for a different development at the same site called The Ridge at Table Rock Lake They admitted one count of conspiracy to commit bank fraud and one of conspiracy to commit money laundering. The pair had been business partners at Western Site Services, which set out to develop the Indian Ridge resort. In 2017, David Drake, 67, and Donald Snider, 57, both of Colorado, were sentenced to five years prison for lying to get loans to buy townhouses at the site and sell them as vacation homes. It would later emerge that five people were involved in a real estate fraud to secure loans to purchase properties at the resort. The site was also meant to feature large infrastructure projects in the area, with major highway improvements, healthcare facilities and wastewater treatment facilities proposed.īut in August 2008, as banks teetered on the edge of collapse and the global financial crisis caused credit lines to vanish, federal regulators shut down the project, the Branson Tri-Lakes News reported. The resort was to feature a hotel, shops, a conference center, a water park, a museum about the local Native American population, a golf course and a marina, as well as the large condominiums, which were earmarked as vacation homes.

Then, former Missouri governor Matt Blunt ‘yelled into a bullhorn for excavators to start their engines’, KY3 reported. It’s a far cry from when the development was unveiled to the public back in 2006. Nature has started to reclaim the abandoned homes, which once featured turrets, enormous living areas and bedrooms

Missouri ghost town mansions