Richmond voters snub A single Casino and Resort proposal at the polls
Voters in the central Virginia city of Richmond have reportedly rejected a plan that was to have seen regional radio broadcaster Urban One particular partner with Peninsula Pacific Entertainment so as to deliver a large casino resort to a one hundred-acre brownfield web site.
In accordance to a source, the proposed A single Casino and Resort was due to sit on a plot of neglected land presently owned by tobacco giant Philip Morris Worldwide and characteristic a 90,000 sq ft casino as nicely as a 3,000-seat entertainments venue and a 55-acre park. This $565 million facility to be located about 5 miles from the center of the state’s fourth-biggest city had also been set to host an in-residence sportsbook, a 250-space hotel and a variety of 15 bars and restaurants.
However, Richmond voters reportedly snubbed this ambitious scheme through a nearby Tuesday referendum by a margin of close to 51.4% to 48.6% amid fears that the coming casino resort would lead to a rise in crime as well as the prevalence of gambling addictions. This end result purportedly came in spite of the reality that the developers had spent upwards of $one million to market and advertise the planned property’s advantages, which they asserted would have integrated up to $500 million in ten-yr direct, indirect and induced tax revenues and neighborhood positive aspects from the start of about 2025.
Headquartered in the nearby District of Columbia, Urban One particular had reportedly furthermore mentioned that its envisioned 1 Casino and Resort would be the only wholly-black-owned casino in the whole of the United States. It had purportedly wished to spouse with Peninsula Pacific Entertainment, which is currently responsible for the Colonial Downs Racetrack venue in the close by community of Kent, in purchase to run a selection of 1,800 slots and a hundred gaming tables in addition to a higher-stakes poker space within the imagined Virginia facility.
In responding to the snub and the mayor of Richmond, Levar Stoney (pictured), released a statement in which he proclaimed that he would now respect the choice of the voters in spite of becoming disappointed with their choice. The Democratic politician moreover vowed to carry on functioning ‘to carry other financial growth opportunities to our city’ in hopes of benefitting ‘the lives of all who live here.’
Go through the statement from Stoney…
“While I think this was a $565 million possibility lost to produce properly-paying jobs, increase chance, maintain taxes lower and increase revenues to meet the demands of our growing city, I am proud of the transparent and public approach we went via to listen to our residents and place this possibility just before our voters.”
Virginia legislators reportedly passed a measure in April of 2020 that gave 5 disparate regional communities in ‘The Old Dominion State’ the correct to inaugurate Las Vegas-type gambling services so long as this kind of schemes obtained the support of the neighborhood population by implies of referendums. But as opposed to their compatriots in Richmond, voters in the cities of Norfolk, Danville, Bristol and Portsmouth purportedly earlier sanctioned their very own envisioned casino schemes via ballot measures by healthful majorities of 65% or greater.