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The Pamunkey Tribe’s Resort and Casino is expected to bring more than half a billion dollars in investment to Norfolk. The resort will be among the most elite in the nation, including a four-diamond, 500-room, full-service convention hotel, five-seven on-site restaurants, a luxurious spa, an entertainment venue and indoor and outdoor pools.
After a long process to find the perfect spot for this transformational project, the City identified the banks of the Elizabeth River in the heart of Norfolk. This 12-acre location on the waterfront is the right spot at the right time for this exciting project and the City is well positioned to make this happen.
Legislation to permit commercial Gaming has been proposed in the Commonwealth’s Legislature and will be on the agenda in the next session of the General Assembly.
13.4 acres on east of Harbor Park.
4% of NET gaming revenue is based on the total gaming revenue of both slots and table games at the facility.
In no event shall the tribe pay the City less than $3 million per year as part of a tribal gaming casino.
The tribe’s payment of gaming revenues to the City will more than cover the cost of public safety response. The resort casino is similar to any other business where police/fire are called to the property.
Every project is unique. The Joint Legislative Audit and Review Commission (JLARC) is working on a study right now for the General Assembly that will look into casino Gaming in Virginia. This study should be completed in November 2019.
The total investment will be based on the scope of the final project. At a minimum the tribe will construct a project that includes 750 electronic gaming machines, 25 gaming tables, 150 hotel guest rooms (if Class III gaming is approved), and parking.
The Tribe shall work in good faith with the City to employ city residents during construction and operation of the resort casino and purchase goods and services from local vendors provided that the cost and quality is competitive with other sources. The Tribe shall provide the City with semi-annual written reports detailing its compliance with the requirements of this Section.
The City has completed a highest and best use look at the site and has determined that a resort hotel and casino is the highest and best use.
The Tribe is responsible for all infrastructure that is required for the project.
Any revenues generated by casino operations will go to the City’s General Fund. Monies in the General Fund will be spent by City Council according to their priorities such as: public schools, resilience, St. Paul’s Transformation and neighborhoods.
There is more than enough parking for the resort casino, Amtrak and Harbor Park. The resort casino includes an onsite parking garage. There are 103 parking spaces dedicated for Amtrak. The existing Harbor Park lots and downtown garages will provide ample parking for Tides’ games.