Richmond VA Parks, Recreation and Community Facilities issued the following announcement on July 27
Richmond City Council has approved the Host Community Agreement for ONE Casino + Resort (RVA Entertainment Holdings, LLC). With this approval and the required approval from the Virginia Lottery in hand, the city will proceed with petitioning the Circuit Court for a November 2nd referendum on casino gaming in the City of Richmond.
“I congratulate the City Council for approving a resort casino Host Community Agreement that puts Richmonders first,” said Mayor Levar Stoney.
The action paves the way for city voters to have the final say at the ballot box to move this project forward in South Richmond. If approved, ONE Casino + Resort will create over 1,300 good paying jobs with benefits and generate an estimated $172 million in new General Fund revenue over the five years of the project.
“Richmond needs both,” said the mayor. “Great new jobs for our residents and new revenue to help fund our priorities and keep taxes low for everyone.”
If the referendum is approved by Richmond voters, the $562 million project is planned to open in October 2024.
Information on the project and the text of the final Host Community Agreement can be found at: https://www.rva.gov/economic-development/resort-casino
Original source can be found here.
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