Nixon announces funds for connector project

Another major road project is now on the chart at the Lake of the Ozarks.

Gov. Jay Nixon and Missouri of Department of Transportation officials were at the Lake of the Ozarks Wednesday to announce available funds to build the Horseshoe Bend Parkway.

Workers will begin to lay out the parkway connector that will open up more than 500 acres of wilderness to commercial development.

"The Horseshoe Bend Extension Project and the thousands of new jobs it is projected to create is another clear illustration that Missouri's economy is beginning to move in the right direction, Gov. Jay Nixon said.

The Nixon administration has commited $4 million in block grant money to the road project.

Missouri Department of Transportation and other federal funds will supply the balance of 8.6 million.

Nixon trumpeted the fact that the state has seen three straight months of job growth. He said a turnaround in state revenues is still a year away, however.

Watch the video to see the complete story and how the parkway will help the Lake of the Ozarks.