Richmond City to Hold Second Referendum on One Casino Project
Richmond City Council is attempting to bring back a casino project that was rejected by the public in 2021 and put it once again to a public vote.
The One Casino + Resort was first suggested in 2021, two years after Virginia agreed that five cities could open landbased casinos. Since then, four cities have built casinos, Bristol, Danville, Norfolk, and Portsmouth, and now some in Richmond are hoping that it will become the fifth.
Churchill Downs and Urban One would jointly operate the proposed casino under the name RVA Entertainment Holdings. The two plan to build a $562.5 million casino properly in Richmond. However, in 2021, voters rejected the plan by a margin of 1,200 votes.
Earlier this week, members of Richmond City Council agreed to implement a host community agreement between the city and the casino operator. Therefore, the council must now run a second casino referendum.
The referendum is expected to take place in November, and if it passes, the developer will pay $25.5 million to the city.
Richmond’s second attempt at the project comes after Petersburg failed to build a casino. Petersburg attempted to gain approval straight after the Richmond vote failed. However, the legislation failed to pass.