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Both leaders confirmed Friday that the finances compromise would delay state licensing of a casino project in Richmond for a yr, but not a second referendum. He promised to suggest legislation in the General Assembly subsequent 12 months to let Petersburg apply for a license to develop and function a casino, subsequent to completion of the JLARC study. But Richmond voters stunned the on line casino partnership and city leadership by rejecting the project by a slim margin last fall. Mayor Levar Stoney and the Richmond City Council decided in January to seek a second referendum, which the state regulation neither prohibited or expressly allowed. On Nov. 2, Richmonders narrowly voted in opposition to a South Side casino and resort development proposed by Urban One. Bally’s is bringing Chicago its first and only casino in what is anticipated to be a $1.7 billion project that city officers hope will present hundreds of thousands of dollars in tax income.
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