The city of Danville in the US state of Virginia made a step towards a casino resort. The same facility could potentially generate thousands of jobs in the community. It would also potentially have the capacity to get billions of USD into the city and the regional economy. The Danville City Council voted to pass a resolution which allows the building of a casino resort. The vote came through unanimously in the first week of January 2019, showing that the initiative has the full support of the city’s government.
But, there are still steps before the resort becomes a real project. First, the Richmond General Assembly would get to vote on the resolution after which the voters would get their say on the matter using a local referendum. Lee Vogler, the Vice-Mayor of Danville stated that the local government feels that it owns to the people of the city to make the decision whether they support the gaming facility.
Huge Potential for the Local Community
In the case the referendum is successful, the impact to the city’s economy will be a major one. Danville is separated from Durham by 70 miles, placing it near a big market. Because of this Vogler underlined that this is the biggest economic development possibility the city had or will have in his lifetime. A project that gets a green light would generate about 7,000 jobs and provide about $1 billion in spending for the local economy in the decade after it gets underway.
Here, the average yearly salary would be about $46,00 and existing taxes would allow the casino to provide about $20 million to the local government. The numbers are exceedingly positive for a community of about 40,000 inhabitants. The casino resort’s employment needs indicate that one in five people in Danville could be employed by the facility.
The community is desperate for any economic opportunity. With the end of the 20th century, the region lost its tobacco and textile industries, after which it was hit hard by the 2008/9 global economic crisis. Thanks to this, Portsmouth and Bristol in Virginia are also trying to get casino projects to their communities – any possibility for economic growth in the region is clearly very sought after. For Danville, the next step is on the state level, where the General Assembly decision could be completed by the end of February.
- The Debate about a Casino in Victoria, British Columbia will have to be Postponed - January 19, 2019
- Mississippi Casino Industry sees its Revenue Boosted in 2018 - January 18, 2019
- Pennsylvania Gaming Revenue Breaks its Annual Record for 2018 - January 17, 2019
- The Portuguese Casino Industry sees a Rise in Profits in 2018 - January 16, 2019
- US Native Tribes clash over a Proposed Norfolk Casino - January 15, 2019