*Urban One founder Cathy Hughes recently shared exciting new details for the City of Richmond’s proposed resort, casino, and entertainment complex.
Back in 2021, Urban One, Inc. submitted a $517 million proposal to develop the only Black-owned entertainment, dining, and gaming destination in the city. It is intended to be located near I-95 on the south side of the city.
The project will appear on voter’s ballots this November, according to NewsOne.
“Urban One has been successful because we have always been clear about what we do and who we serve, and I count it a blessing that the city of Richmond has been among the communities we have been a part of for over two decades,” Hughes said in a statement, Black Enterprise reports.
“Richmonders recognize that this project is an opportunity for Richmond to invest in itself—an opportunity to have a generational economic impact and use the $30 million generated every year towards creating a remarkable future with stronger schools and better services for their children, new opportunities for entrepreneurs, and hundreds of new jobs for their community. When Richmond votes yes, we say yes to good jobs, stronger schools, and services, and the opportunity to invest in Richmonders.”
According to The Richmond Times Dispatch, the project is currently called Richmond Grand Resort and Casino. If constructed, the amenities will include:
- a 250-room luxury hotel;
- fitness center;
- outdoor pools;
- a spa;
- a 55-acre park;
- a gaming floor;
- a 3,000-seat concert venue;
- restaurants and breweries; and
- a high-tech film and audio production facility.
It is estimated that 1,300 new jobs will be created if the casino project is approved, generating more than $30 million in revenue for the city.
“Richmonders told us they want great jobs, community investment, green space and top-tier entertainment. With Richmond Grand, we’ve delivered,” said Alfred Liggins, III, CEO of Urban One, Inc.
Watch the video report via the YouTube clip above.
READ MORE: Urban One, Inc. Founder Cathy Hughes Inducted into the Black Music and Entertainment Walk of Fame
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