There has been a new development for Urban One Inc.’s $562 million project in Richmond, VA.
Sep 14, 2023
The nation’s only Black-owned casino could soon break ground in Virginia. Urban One held a media event on Tuesday morning to announce the $517 million proposal that could bring a resort-style casino to the state’s capital, reports WRIC. Four companies are in the running to spearhead the multi-million dollar project set to take over Richmond. Urban One, a Black-owned media company that owns TV One along with dozens of radio stations, hopes to transform the River City’s southside with a world-class entertainment, dining, and gaming destination. “Our proposal is unparalleled and can not be matched,” said Urban One CEO Alfred Liggins. “We would be creating the only black-owned casino in the United States of America. Perhaps more importantly, our project will be very diverse and inclusive.” The $517 million project could possibly include a 3,000 person capacity theater, broadcast production studios for both film and radio, 150 hotel rooms, 12 restaurants and bars, 50 acres of green space...
Feb 24, 2021