Virginia: No November vote voids Urban One’s casino contract

Virginia: No November vote voids Urban One’s casino contract

Article brief provided by RIchmond Free Press
  • Jeremy M. Lazarus, RIchmond Free Press
September 23, 2022 6:56 PM
Updated: September 27, 2022 9:31 AM
  • Jeremy M. Lazarus, RIchmond Free Press
  • Virginia
  • Commercial Casinos

The casino-resort contract that a Maryland-based Black media company had to develop in South Richmond if voters were to approve it is no more.

According to the ordinance that City Council passed last January, Urban One’s contract with the city for creating a $562 million gambling mecca, hotel and park has evaporated.

The contract dissolved after a Richmond Circuit Court last month pulled an order for a planned second vote on the project from the November ballot. The court responded to a request from the city, after the company decided it would be best to wait a year.

The contract that council approved and that was signed by representatives of Urban One and the city states that this agreement “shall be void and of no force and/or effect if a majority of those voting do not approve” the November 2022 referendum.