April 19, 2021

News Update on CEO Alfred Liggins and Urban One's Casino Proposal Efforts "The ONE Project" in Richmond, Virginia

Richmond.com (The Ricmond Post-Dispatch) updates the proposals made by three companies that are vying for a stake in a lucrative casino project in Richmond, Virginia. 

Click here for the full article.

“Meanwhile, residents from the Stratford Hills area are continuing public protests against the proposed Bally’s casino near the Chippenham and Powhite parkways, while helping promote supporters of the Urban One casino resort project in an industrial area on the property off Commerce Road currently owned by Philip Morris USA.  ...

While Cordish and Bally’s face public resistance in the communities where they plan to build, 8th District Councilwoman Reva Trammell said her constituents are overwhelmingly supportive of the One project.  ...

Richmond officials cut three of the proposals it received last month after the city’s evaluation panel deemed them inadequate.  ...

At the event Urban One held (last) Thursday, CEO Alfred Liggins announced the project will now include 250 hotel rooms instead of the 150 it initially proposed. Bally’s has proposed to build a 250-room hotel, while Cordish’s plans include 300 boutique hotel rooms.

While the One project is the least controversial thus far, it offers the least value with its $517 million plan. The Bally’s project is valued at $650 million. The Cordish plan is estimated to be worth $600 million.”

“Liggins said his company is aiming to add more value to its project and make its bid more competitive.”

“The city didn’t ask us to do anything specific, but we heard feedback about our proposal in comparison,” he said in an interview with the Richmond Times-Dispatch on Thursday. “As opposed to saying, ‘We’ll build more as demand increases,’ we decided to come out and say we’ll commit to building a similar-sized hotel.”

Check out the voice over from Donnie Simpson on this promotional video for the project.

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