Future plans for a casino on Times Square causes mixed opinions. While the city of…
Richmond metropolis officers introduced hiring a guide to assist in the collection of casino challenge within the Virginia capital.The individual chosen for the consulting function is Leonard Sledge, director of Richmond Financial Improvement Authority. However the choice is as much as the voters subsequent fall.
The vote for the authorization of a single casino will occur by poll referendum subsequent November. The voters should decide the specifics of the gaming resort blueprint, together with particulars of the town’s designated casino operator.
The consultancy contract was giving to the New Orleans-based Convergence Startegy Group. It focuses on gaming trade issues, that embrace challenge feasibility, demographic and market evaluation, grasp planning and technique improvement.
The guide charge for the casino challenge that the EDA is ready to spend is as much as $120,000.
The consulting firm was not too long ago employed by one other Virginia’s metropolis, Danville to assist it choose a casino accomplice. On the finish, the town selected Caesars Leisure.
Final September Danville officers authorised a improvement settlement with Caesars for the development of a casino on the website of the previous Dan River Mills industrial advanced within the Schoolfield space.
Las November, Danville, together with three different cities – Norfolk, Portsmouth and Bristol, made the casino referendum.
The bidding interval for Richmond started on the finish of December final yr. The corporations have till February 22 to submit their casino displays to the town. After that, the consulting company will attain every of them in an effort to choose the winner on the finish.
There’s a public announcement for bid in Richmond and it got here from the Pamuckey Tribe who not too long ago received gaming rights in Norfolk. The Tribe is at present constructing its future $500 million casino there, partnering with Jon Yarbrough.
Within the meantime the Native American Tribe additionally expressed its curiosity in setting up a $350 million gaming property in Richmond, extra particularly, within the Manchester neighborhood. The situation is simply south of the downtown capital space throughout the James River.
Two different events are Colonial Downs Group, which already operates 2,150 historic horse racing machines all through Virginia and the Cordish Corporations, based mostly in Baltimore.
Cordish developed Riverside on the James and it’s at present in the midst of a authorized battle in Norfolk relating to the town selecting Pamuckey Tribe for the casino.
In line with Cordish official, its contract with Virginia states that it’ll obtain gaming privileges ought to Virginia ever legalize business playing.
In line with Virginia’s gaming legislation, signed final yr by Gov. Ralph Northam, 5 cities, that discover themselves economically distressed, are allowed to ask their voters if they need a casino to be authorised. The gaming initiatives are supposed to assist the cities financially.
Richmond occurred to be one of many authorised cities, nevertheless it opted for one more yr on the measure. In line with the town’s officers, such a challenge must be thought of very fastidiously earlier than transferring ahead.
Supply: “Metropolis hires guide to evaluate proposal from casino builders”, Richmond Biz Sense, January 29, 2021