Urban One, a prominent company, has announced its intention to seek a referendum for its ambitious $565 million One Resort + Casino project in Richmond, Virginia, during the 2023 election cycle. Despite facing initial setback when residents narrowly rejected the proposal in November 2021, Urban One remains determined to move forward with its plans. The City Council had initially secured a court order for a second referendum in the 2022 election; however, the recently passed Virginia state budget introduced a delay, pushing the referendum to 2023.
Reasoning Behind the Decision:
Alfred Liggins, the CEO of Urban One, expressed disappointment over the budget language, especially considering similar proposals were previously defeated in the General Assembly. As a result, Urban One has decided to withdraw its petition for a November 2022 ballot referendum. Liggins emphasized the desire to avoid a protracted legal dispute that could hinder the best interests of Richmond’s citizens and the state of Virginia. The company is now focused on winning the Richmond casino referendum in 2023.
Urban One’s Vision:
Urban One envisions a comprehensive entertainment complex, encompassing a 90,000 square foot gaming floor with 2,000 slot machines, over 100 gaming tables, a competition poker room, and a sportsbook. The proposed facility would not only offer diverse gaming options but also include a luxury hotel with 250 initial 4-Star, AAA 4-Diamond rooms, with the potential for expansion to accommodate up to 600 rooms.
Importance of Richmond as the Ideal Location:
Cathy Hughes, the founder and chairperson of Urban One, expressed her belief that Richmond is the optimal location for such a project due to its central positioning, vibrant atmosphere, and existing infrastructure. Hughes acknowledged the overwhelming support received from the city’s residents and eagerly anticipates resuming discussions to further develop their shared vision for the One Resort + Casino.
Labor Concerns:
Unite Here Local 25, the hotel and casino workers union in Richmond, has raised concerns about the viability of the 1,500 jobs touted to be created by the proposed One Casino and Resort. The union questions the quality of these positions, fearing they may offer low wages, minimal benefits, and limited long-term sustainability. This critique highlights the importance of ensuring that job creation associated with the project aligns with fair labor standards.
Urban One’s commitment to pursuing a referendum for its ambitious One Resort + Casino project in Richmond, Virginia, demonstrates their determination to bring a comprehensive entertainment complex to the city. By focusing on the 2023 election cycle, Urban One aims to garner widespread support and address any potential concerns, such as labor issues, that may arise. With its strategic location and existing infrastructure, Richmond presents an excellent opportunity for the realization of this transformative project, and Urban One remains optimistic about the prospects of its future success.