ONE Casino fate to be decided by Richmond Citizens
November 2 is election day in Virginia, but early voting continues across the commonwealth. The Citizens in the capital city of Richmond are being asked if they want to truly authorize an electrical campaign or not.
Richmond questioned all its citizens that whether they want to pass a resolution for casino land by the general assembly. The capital has chosen to delay its local survey annually in order to review the twelve pieces submitted to the city by interested casino developers.
Richmond eventually went with a program from Urban One, a publicly-traded media organization. Urban One has partnered with experienced casino company Peninsula Pacific Entertainment (P2E) to launch Richmond with a $ 565 million offer known as ONE Casino + Resort.
The casino system overlooks the vacant land south of Philip Morris’s tobacco plant near I-95 on Walmsley Boulevard and Trenton Avenue.
South Richmond has been waiting for an opportunity for economic development said the Urban One chief executive Alfred Liggins told Virginia Business this week. Other parts of Richmond have seen significant growth in recent years, but so far South Richmond has not been included.
If the majority of Richmond’s citizen vote in favor of the casino, Urban One, and P2E will be removed to continue the business. Early voting for 2021 began on September 17.
Finally Voting Begins
Virginia voters in four cities endorsed local voting ideas during the 2020 elections that accept one casino site per area. Many in Richmond are hopeful that the capital will join Norfolk, Portsmouth, Danville, and Bristol.
MAN will be part of new jobs, much-needed tax revenue, and more economic development and opportunities in this part of the city said Liggins.
Urban One has launched a campaign to recruit Richmond voters. The company has placed large billboards on the I-95, and blasted television and radio commercials with spots highlighting the potential benefits of answering “yes” to a voting question.
The company claims that ONE Casino + Resort will generate $ 500 million in new tax revenue and an economic impact of $ 5.7 billion over the first ten years of operation of the casino, and bring 3.7 million visitors to Richmond annually. Urban says he will employ 1,500 positions permanently for a standard $ 55,000 annual compensation.
Not everyone rides. Richmond for All is a non-profit organization that stringently opposes the casinos. The Richmond for All committee says the casino will rob our community to make a few people rich. The suspense however continues
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