Community
First of Two Meetings Tonight on Casino Development in Richmond
A new law allows for the development of casinos. That development is contingent on the passing of a city referendum expected to be on the ballot in November of this year.
There are 6 proposed casino developments under consideration by the city. Legislation adopted by the Virginia General Assembly and signed into law by Governor Northam earlier this year authorizes the city to host a casino gaming establishment, subject to the residents of Richmond approving a casino referendum. That referendum is anticipated to be on the ballot in November of 2021.
Bally’s Corp.: A $650 million project to on 61 acres at the northeast intersection of Powhite and Chippenham parkways. When complete it would be 1.6 million sq. ft. Bally’s currently operates 11 casinos in 7 states.
Cordish Companies: A $600 million resort casino project atop the 17-acre Movieland cinema complex off Arthur Ashe Boulevard. Promises 18 restaurants and entertainment venues.
Golden Nugget Hotels & Casinos: A $400 million casino development on 61 wooded acres at the intersection of Powhite and Chippenham parkways. For those familiar with the area, Granite Pool would be fairly close to Parking Lot C.
Pamunkey Tribe Resort & Casino: A $350 million casino resort on the city’s Southside at 5000 and 5030 Commerce Road. This is the first one to come on our radar and would take up 24.5 acres and be 1.4 million sq. ft.
Urban One : A $517 million resort casino at 2001 Walmsley Blvd. on land currently owned by Philip Morris. When finished would be 950,000 sq. feet on 100 acres.
Wind Creek Hospitality: A $541 million casino development at 1220 and 1260 Ingram Ave. Currently 25 acres are secured with the potential for 56+ more development.
First Casino Proposal Meetings from the City on March 9th and 10th:
Today and tomorrow the city is hosting meetings regarding the Resort Casino Development. All of the information about the six proposals (of which one will be chosen by the city, then voted on by the residents as a referendum on the November ballot) can be found on the city’s website: https://www.rva.gov/economic-development/resort-casino
Here is the description of the upcoming meetings and links/dial in information.
Held via MS Teams, community members will learn about 1) the community engagement process and 2) the community benefits a resort casino may provide, how communities have used resort casino revenue, and how a resort casino may mitigate negative impacts.
Tuesday, March 9, 6 P.M. https://teams.microsoft.com/dl/launcher/launcher.html…
Phone Conference ID: 890 465 30#
Wednesday, March 10, 12 P.M. https://teams.microsoft.com/dl/launcher/launcher.html…
