With Richmond voters rejecting its proposal, One Casino and Resorts could be coming to Petersburg instead.
This development comes after Petersburg Mayor Samuel Parham told CBS 6 last Friday that representatives from Urban One visited his city last week and checked out a site near Interstate 95 that could host a new casino and resort. Parham also added that other casino companies have also reached out to show interest in building a casino in the city in a site that is 20 minutes south off the disapproved Richmond location.
“We’ve been blessed. For some reason, word has gotten out and we’ve had several of the casino guys who were in Richmond down in Petersburg looking now. We are excited to have them and definitely explore the opportunity to be a site here in Petersburg.”
Richmond Rejects Casino Proposal
Earlier this month, Richmond became the only one among five eligible economically challenged Virginia cities to reject their casino measure. 51.4% of Richmond voters wrote no in their ballots while only 48.56% supported the $565M ONE Casino + Resort proposal which would have been built on the city’s Southside.
The ONE Casino was supposed to have 100,000 square feet of gaming area with a 250-room hotel and a 3,000 seat theater plus 15 bars and restaurants. It was projected to create 1,300 new jobs in the city with the gambling company paying the city government an upfront payment of $25 million.
Richmond’s Loss Could be Petersburg’s Gain
Richmond’s loss could be Petersburg’s gain after Virginia State Senator Joe Morrisey said he will begin drafting a legislation that will allow Petersburg voters to hold their own referendum on a casino. The bill will require the approval from the General Assembly, Virginia’s Governor, the Petersburg City Council and of course the majority support of Petersburg residents in a vote.
Tax revenues from a casino resort development could be of great help to Petersburg as far as funding projects to improve roads, provide salary raises to teachers, police officers, and fire fighters in the city. Mayor Parham also said that he hopes that it will also help in the reduction of the city’s real estate tax rates.