by Jon Baliles
The Richmond casino referendum this week was once again in the forefront of the news but not because of the impending vote or the discussion of the numerous proposed “benefits” the casino advocates have promised every group under the sun. No, this week it was made known that the company driving the effort to approve the casino referendum (again) is facing the possibility of being delisted by NASDAQ.
Nevertheless, the casino advocates assure all of the potential voters that they will be able to pay the city the $26 million up front payment within 30 days of the approval of the referendum (as spelled out in the agreement), AND build their proposed $562 million casino, AND provide $30 million to the city tax coffers every year from here to eternity, AND still pay off all the organizations and groups and investors they are promising largesse to win approval of the second casino referendum.
No promise is too big, no cost is too high, and no vote is too expensive. Continue reading