The Richmond City Council has voted to renew an agreement with developer Urban One to build a ONE Casino + Resort. The casino is scheduled to open in 2023. However, there are concerns about the project from some residents. This article will explore some of those concerns and how the city can ensure that its residents have a good place to play poker. The Richmond Times-Dispatch has more information about this project. After reading this article, you should have a better understanding of how the project will affect your local area.
Richmond city council votes to renew agreement with developer Urban One
The Richmond city council voted Tuesday to renew an agreement with Maryland-based developer Urban One to build a $300 million gaming complex on land owned by Philip Morris. The project will provide more than 2,800 construction jobs and would include a four-star hotel, dining and sound stage for film and television production. Opponents had argued that the city was trying to skirt the will of the voters by approving the project. However, Councilman Andreas Addison defended the project and said he was hopeful that the project can be successful.
Although many residents had argued against the project, many council members argued that the new deal was too good to pass up. They argued that the developer did not fully disclose all its cards when they first approached the city about the casino project. A majority of council members agreed that the new deal is too good to pass up and that the city should ask state lawmakers to schedule another referendum. The council will now ask the state Legislature to set up a referendum to decide whether or not to let the casino development go forward.
The city will use the casino’s revenues to fund economic development efforts and operations. By utilizing the casino’s funds for city needs, the City will be able to build reserves, improve its overall financial health, and expand its economic development investment. Additionally, the casino will create jobs for local residents. If approved, the new casino will be a major economic driver for the region. In addition to creating new jobs, the casino will bring much-needed tax revenue to the area.
ONE Casino + Resort will open in 2023
Officials in Richmond have chosen ONE Casino + Resort over other proposals, but it still is not opening this year. The proposal was selected by a panel of Richmond’s Resort Casino Evaluation Panel, which beat out five other projects. If all goes according to plan, the new casino will open at the end of 2023. But the city council must first approve the project. A vote could be held as soon as June 14th.
ONE Casino + Resort is a casino proposal that would be located in the trendy Scott’s Addition neighborhood. It was first proposed in 2008, but was unsuccessful last November. After the referendum failed in November, the city council voted to hold a second referendum on the project. The casino is expected to bring 600 jobs to the Southside, and Mayor Levar Stoney has proposed a two-cent real estate tax cut to help finance the project.
Upon approval, the Urban One casino would create more than 1,300 jobs in the city and spur ancillary development, which would benefit the entire Richmond region. Urban One also proposed a 40-percent minority and small business participation requirement. This would make Urban One the first majority-Black casino owner since Don Barden, the first African-American casino operator in Las Vegas. Moreover, Urban One’s CEO Alfred Liggins has lobbied for the inclusion of minority-owned businesses in the state’s casino bill.
Concerns raised by residents about project
The controversial Urban One casino proposal has been revived after the city council in Richmond, Virginia, voted 8-1 to put a second referendum on the ballot this fall. While most councilmembers agreed that the casino proposal is too good to pass up, some argued that the company did not play their cards right when it first proposed the casino. Some residents have since changed their minds. This article explores the issues surrounding the project and what you should do if you are a local resident.
Among the concerns residents have about Urban One is the projected revenue it would generate for the city. Supposedly, the casino would earn the city up to $500 million in taxes, but many residents say that this amount is not enough. While the developers are working on a solution for the casino, they are still under pressure from neighborhood residents who are worried about its negative impacts. However, the company is working to alleviate those concerns and is committed to investing in the community.
One Central is a proposed megadevelopment. Many residents fear that the casino will increase crime and traffic in the neighborhood. But the developer is claiming that the casino will benefit the community and local economy. A study by the Chicago Tribune revealed that only one in four people in the community are worried about the casino, but this merely highlights the issue for local residents. Despite the high level of opposition from residents, the development has received a state tax subsidy, so it needs to go through City Council approval to proceed.