Richmond City Council passes new resolution for ONE Casino + Resort; second referendum targeted for Nov. 2022

URBAN ONE, INC.

City of Richmond adopted resolution on Jan. 24, 2022, supporting a second referendum on Urban One's $560M casino project.
Resolution proposes no city funding; includes $560M capital investment, 1,500 jobs, $16M for community groups.
Urban One subsidiary RVA Entertainment Holdings will seek precertification from Virginia Lottery Board before court order for referendum.
City expects second referendum vote in November 2022; project would create 'ONE Casino + Resort' if approved.
Proceeds could fund a two-cent property tax rate reduction and capital improvements for Richmond schools and city.

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