Voters inward Richmond, Va., will adjudicate on November 2 whether to pass a more than $600 zillion structured cassino holiday resort in the VA chapiter city.
Last night, the capital of Virginia City Council voted 8-1 inward favour of placing a ballot referendum before voters next fall. The query will enquire urban center residents if they favour allowing Urban One Inc. and its development partners to establish a cassino destination simply off Interstate 95 on the city’s South Side next to the Philip Morris plant.
With the council’s support, a unsubdivided absolute majority during the November 2 referendum testament full illuminate Urban One to go with the project. The casino programme — called ONE Casino + Resort — calls for 100,000 second power feet of gaming space, 250-room hotel, 3,000-seat concert theater, and 12 bars and restaurants.
The resort, Urban says, will result inwards 1,300 permanent jobs, with a minimum pay off of $15 per hour. The media conglomerate has also sworn a one-time $25 million upfront payment to the city, and forecasts that the resort testament stir $5.7 1000000000 inward economical activity over its first-class honours degree 10 years inwards operation.
First Black-Owned Casino Resort
Urban One is a business sector that is in the first place invested inward media outlets focussed on blackamoor America. The fellowship says it is “the most trusted germ in the African-American community.”
Urban One is partnered with Peninsula Pacific Entertainment (P2E), an experienced gambling casino developer and operator, for its Richmond cassino ambitions. If approved by voters, Urban One says ONE Casino + Resort will micturate chronicle inwards seemly the first off Black-owned casino in the United States.
Along with Urban One and P2E, the casino project has more than 50 nonage investors, many who connect as minorities.
Richmond is the utmost of V cities in Old Dominion that qualified to take hold cassino ballot referendums through and through a law passed in 2020. The gaming legislating allows economically distressed cities to make up one's mind whether to utilize a gambling casino holiday resort as a way of life to goad regional growth.
During the 2020 election, the quaternary other cities easy passed the referendums. Casinos are coming to Norfolk, Portsmouth, Bristol, and Danville.
Democratic Process
Richmond councilmembers irresistibly pet allowed urban center residents to decide the fate of the ONE Casino + Resort project.
All we are voting on tonight is to financial backing the democratic process,” said Councilor Andreas Addison. “Let the citizens of capital of Virginia decide,” added Councilor Michael Jones.
The lone dissenting ballot came from Councilor Katherine Jordan. She represents the territorial dominion where The Cordish Companies proposed building a $600 meg casino holiday resort inwards the Scott’s Addition neighborhood.
Urban One CEO Alfred Liggins famous the successful outcome of the Richmond City Council vote.
“ONE is passing grateful and proud that capital of Virginia City Council has voted to make a motion forrard with a first-class casino and resort inwards Richmond’s South Side. This externalise will follow funded alone with buck private investment and will bring forth millions of dollars in critically requisite unexampled assess revenue that can buoy live used for schools, affordable housing, workforce development, substructure and other metropolis priorities,” Liggins declared.
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