American casino giant Caesars Entertainment Corporation has been selected by Danville City officials to construct a massive casino resort, if local voters approve the plan during a ballot referendum scheduled to take place in November this year.
There were more than half a dozen proposals from interested casino developers. After scrutinizing all those proposed plans, the members of the Danville City Council selected Caesars Entertainment on May 18th by voting unanimously 8-0 to join forces with the Las Vegas casino giant, and announced the selected candidate’s name yesterday.
As per the proposed plan, the 85-acre land of the former Dan River Inc. property in Schoolfield textile mill village will be used to construct a massive casino resort featuring a 500-room hotel, a conference center spanning 35,000 square feet, 2,500-seat entertainment venue, restaurants and bars, along with a gaming floor with 2,000 slot machines, 75 table games and a 16-table poker room. In addition, the complex will feature a sportsbook lounge.
The national historic site Schoolfield was once home of two textile mills that successfully operated from the 1880s through the 1910s, providing employment to thousands of people and generating huge amounts of money in taxes. But, the mills’ disappearance economically weakened the area. It is also worth-mentioning here that Schoolfield was a sovereign town founded by Dan River Inc. in 1903. It was annexed by the city of Danville in 1951.
Caesars has plans to make an investment of $400 million to construct the massive casino resort, which is expected to generate as many as 900 construction jobs and more than 1,300 permanent full-time jobs, with average pay ranging from $35,000 to $47,000 per annum. The current median household income in the area has been estimated at $43,797.
Caesars Entertainment said it needs support of local residents to turn its majestic vision for the previous Schoolfield textile mill village into a reality. The casino operator stressed that it was expecting huge support for its proposed casino project as it would provide a much-needed boost to the local economy.
The Danville City Council had invited proposals for building a casino resort in compliance with Virginia’s Democratic Gov. Ralph Northam’s direction that that allows five economically troubled towns to bring one casino resort each to their areas. Besides Danville, Bristol, Richmond, Norfolk and Portsmouth are also undergoing the same process.