The Public Wants To Know Where Richmond Virginia Would Spend The $26 Million If Casino Referendum Is Passed?

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The Public Wants To Know Where Richmond Virginia Would Spend The $26 Million If Casino Referendum Is Passed
The City of Richmond stands to receive more than $25 million in revenue if the proposed casino development goes as planned. Now, they’re asking the public for their opinion on the best way to spend that money.

Earlier this year, the Virginia General Assembly adopted the legislation allowing the City of Richmond to host a casino establishment. However, the authorization is subject to a referendum. Richmond residents will vote on approving the Richmond Virginia casino. The referendum will most likely take place in November this year.

The Public Wants To Know Where Richmond Virginia Would Spend The $26 Million If Casino Referendum Is Passed

In the meantime, the city has already selected a casino operator to partner with. Also, they already have proposed a location for the future casino establishment. ONE Casino + Resort project is backed by Urban One, the largest African-American-owned multimedia conglomerate in the US. If casino gambling is approved, the city will receive about $25.5 million from the company. The funds will go through Urban One’s unrestricted subsidiary, RVA Entertainment Holdings, LLC. The $517 million project proposal was selected by the city advisory panel back in May.

The new Virginia casino is supposed to be built on the site in the 8th Voter District of the city, in the Southside area.

 

The proposed project is touted as the first black-owned establishment of its kind in the country. If developed, it will feature 150 hotel rooms, as well as a gaming space and dozens of bars and restaurants. As a part of the arrangement, the city will also receive an additional $1 million from the ONE Casino + Resort before January 2023.

Before the November referendum, the city is canvassing the public on how to spend $26.5 million of the proposed funding. The citizens are asked to rank the projects that would utilize the money. The city will engage with its residents on this matter from August 13th to September 6th. The engagement efforts will include public meetings, a digital survey, and targeted print surveys. The primary polling target will be the residents of the Southside area. The $517 million investment is seen as an opportunity to change the development trajectory and revitalize the neighborhoods in this area of the city.

The focus of the survey will be on the improvements in the 8th and 9th districts.

 

These are the areas closest to the proposed casino site. The voters will have a chance to express their opinion on several matters concerning the potential casino development. First of all, what portion of the funds should be allocated to the 8th and 9th voting districts. Richmond residents will choose which type of project should receive most of the funds.

They will be asked to rank the following types of projects:

  • Playground and Trails
  • Bus Transportation
  • Walking Infrastructure
  • Parks
  • School-related Projects
  • City and Community Buildings
  • Road Safety and Beautification Projects

In addition, the voters will rank the specific projects within each field. Each proposal is listed with a short description and estimated cost of development. The citizens can also add their own idea or projects that are not listed in the survey. The survey is available in both English and Spanish. Besides, the city will also hold virtual and in-person meetings on the matter.

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The Public Wants To Know Where Richmond Virginia Would Spend The $26 Million If Casino Referendum Is Passed?
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The Public Wants To Know Where Richmond Virginia Would Spend The $26 Million If Casino Referendum Is Passed?
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Where Is Richmond Virginia Going To Spend The $26 Million If Casino Referendum Is Passed? The Public Wants To Know!
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