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Norfolk City Council approves casino resort


Norfolk City Council approves casino resort

Norfolk City Council has voted for the Pamunkey Tribe who wants to build a resort and casino. All the council members voted 7 to 1 except councilwoman Andria McClellan who voted in favor of the Plan.

The city manager declared that the land for sale is towards east of Harbor Park, and has an estimated worth of about $ 10 million.

According to the agreement, the tribal casino would be exempt from all the taxes levied. Once the casino is built, the Tribe would pay 4 % from the casino money earned.

 

The deal calls for 750 electronic gaming machines, 25 gaming tables, 150 hotel rooms, and parking.

 

Mayor Alexander stated, "What is before the Norfolk City Council is not a stand- alone gaming facility, but a $700 million resort hotel casino and spa that will include at minimum 750 gaming machines, 25 gaming tables, a luxury hotel, at least three upscale restaurants, a 750-seat entertainment facility, and a waterfront promenade. This will encompass 13.4 acres on the east side of Harbor Park that will be purchased from the City at its appraised value of $9,937,500. The Tribe will be responsible for all costs associated with the construction of the project, including infrastructure, flood mitigation, parking, and utility improvements. After the sale of land closes, the Tribe will pay the City $125,000 per year until the casino opens. After the casino opens, the Tribe will pay the City 4% of net gaming revenues with a minimum payment of $3 million per year."