The new proposal for Urban One and Churchill Downs’ $562 million resort, casino and entertainment was unveiled on Thursday, Aug. 31, with all new details on what the project would entail.
The announcement comes hot off the heels of recent wins for the proposal. Last week, a judge ruled in favor of the City of Richmond’s petition to hold another casino referendum in November later this year. And, earlier on Thursday, it was announced that Virginia’s state budget deal would not block the casino vote either.
The casino project will now be a joint venture between Urban One — a Black-owned media company — and Churchill Downs — a horse racing, gaming and entertainment company.