It could also include local investors if the referendum passes.
The project will be a joint venture between Urban One, a black-owned media company and horse racing and gaming company Churchill Downs. The proposed casino would be located in South Richmond at 2001 Walmsley Blvd. Many of the anti-casino signs that dotted the city in recent weeks have emphasized the fact that the city already said “no” once before. The proposal also faced a lesser-funded but organized opposition effort. This is the second time Richmonders cast their votes on the issue after the city narrowly rejected the proposal two years ago.įollowing the negative vote result, the developers returned with a retooled proposal and invested around $10 million into a pro-casino campaign aimed at building support for the project, which has the backing of Mayor Levar Stoney and major area business groups.
The fate of the proposed $562 million Richmond Grand Resort and Casino in Virginia will be decided today, as residents in Virginia's capital city are voting Tuesday on whether the project can move forward.
