\u00a0<\/span><\/p>\n<\/div>\nThe hotel is to include 250 or more guestrooms in a tower at least 12 stories tall. Conference space is to be approximately 70,000 square feet, and the theater should seat around 3,000 people.\u00a0<\/span><\/p>\nA total of 15 restaurants and bars will be on site, and half should be operated by local hospitality vendors. Urban One will finance build-outs and special accommodations for the eatery establishments run by Richmond restaurants.\u00a0<\/span><\/strong><\/p>\nAs for financials, Urban One must donate $16 million to local nonprofits over the next 10 years, provide $30,000 a year for five years to Richmond Public Schools, and allocate $200,000 annually for problem gambling mitigation.\u00a0<\/span><\/p>\nOf course, it all depends on a simple majority of Richmond voters backing the casino project in November. \u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Officials in Richmond, Va., earlier this month selected the casino pitch from Urban One as the winner of the capital city’s lone potential gaming license. The media conglomerate is partnering with experienced casino and resort operator Peninsula Pacific Entertainment (P2E) on the development. Before area voters decide on whether to authorize the commercial gaming project […]<\/p>\n","protected":false},"author":25,"featured_media":175069,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13592],"tags":[],"acf":[],"yoast_head":"\n
Richmond Offers Casino Reduced Gaming Tax, Project Surges to $562.5M<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n