ONE Casino + Resort recommended by the Evaluation Panel
Mayor Stoney supports the recommendation
The city’s Resort Casino Evaluation Panel has recommended that the
ONE Casino + Resort move forward as the city’s preferred casino gaming operator
at the proposed site on Walmsley Boulevard in South Richmond. The Evaluation
Panel’s recommendation is supported by Mayor Stoney.
“ONE Casino + Resort presents a tremendous opportunity to develop
a resort casino project in Richmond,” said Mayor Levar Stoney. “The project
will create over 1,000 good paying jobs, generate a significant amount of new
revenue for the city, and establish an additional
economic engine in South Richmond. I applaud the work of the Evaluation Panel
in their vetting of the proposals and engaging the entire city throughout this
project.”
ONE Casino + Resort was proposed by Urban ONE in partnership with Peninsula Pacific Entertainment. Urban ONE is a publicly traded integrated media company. Peninsula Pacific Entertainment owns and operates several casinos and Rosie’s Gaming Emporiums in Virginia.
“ONE
is thrilled the Richmond casino selection committee has chosen the best project
with the best location and best team to develop a world-class entertainment
destination in Richmond’s Southside,” said Alfred Liggins, CEO of Urban One.
“Urban One and our diverse group of local investors are fully committed to
creating good paying jobs with profit-sharing for employees, pathways to
successful careers, and generating significant new tax revenues that can
improve Richmond’s schools and fund community programs and infrastructure.”
The Evaluation Panel made its recommendation based on factors including the
project’s feasibility and sustainability, proposed location, economic
development impact, financial revenue impact, and community benefits.
Mayor
Stoney will introduce the proposed ONE Casino +
Resort project to City Council on Monday, May 24, 2021. Per legislation
approved by the Virginia General Assembly, City Council will be asked to
petition the court so that a referendum on casino gaming in the City of
Richmond can take place during the November 2, 2021 election.
Information on the city’s resort casino process can be found at https://www.rva.gov/economic-development/resort-casino.
The city will host a public meeting on the decision on Tuesday, May 25 at 6 p.m. The link to join will be posted on the informational webpage.
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