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Richmond receives multiple proposals for city's first casino

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Posted at 7:52 AM, Feb 23, 2021
and last updated 2021-02-23 07:55:48-05

RICHMOND, Va. -- Multiple companies are competing for the chance to bring a casino to Richmond.

The deadline to submit a proposal was Monday afternoon. So far, there are three different proposals being presented to the city, but there will likely be more.

Legislation adopted by the Virginia General Assembly and signed into law by Governor Ralph Northam earlier in the year, authorized the city to host a casino gaming establishment.

Of the three proposals, the first was submitted by Urban One -- a media company that owns four radio stations in the Richmond area.

Urban One planned to unveil plans for a $517 million entertainment, dining and gaming destination Tuesday morning. If chosen, it would be the nation’s only Black-owned casino.

The announcement was planned to take place at 11a.m. at 2001 Walmsey Boulevard, that's where the casino was proposed to be built as well.

Another proposal for a resort casino in Richmond was submitted by the Cordish Companies, which owns at least five large casino resorts across the country.

The company said they submitted a $600+ million plan to build a casino resort in Scott’s Addition, at Boulevard and Leigh, where the Movieland at Boulevard was located.

The resort would be complete with a 250,000 square foot casino, luxury hotel, spa and fitness facilities, a live entertainment venue -- as well as 18 restaurants, bar and entertainment venues.

The third proposal CBS 6 learned of was being submitted by the Pamunkey tribe. However, it was not the site that the tribe had considered two years prior in Manchester.

Instead, the 24.5 acre site would be further south right off 1-95 South after exit 69. The casino would have accessibility and visibility from 1-95 with views of the James River and the city skyline to the north.

The city said soon they would announce the total amount of proposals they'd received.

However, to move forward with a plan for a casino, Richmond residents would have to approve a casino referendum on the 2021 November ballot.

Before that, an evaluation panel would make a recommendation to Richmond Mayor Levar Stoney, which would then be voted on by city council.