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CL- 2054 New Business   Item #:   B.    
City Council Regular Meeting
Meeting Date: 01/03/2019  
Subject:    Resolution in Support of New Legislation
From: W. Clarke Whitfield, Jr.

Business Meeting:     01/03/2019
The City of Danville received a request from the United Company of Bristol, Virginia to consider supporting legislation that would enable a local referendum to allow casinos to operate in specific localities in the Commonwealth of Virginia.
The City of Danville’s revenues have remained flat for over ten years while expenditures have increased, leading to a current projected cumulative five year deficit of over $20 million. Chmura Economics and Analytics prepared a preliminary independent employment and fiscal impact analysis of a Danville Resort and Casino with hotel, restaurants, entertainment and convention space. A proposed Resort and Casino project would bring unprecedented employment opportunities and significant new revenue to the City, the costs of which will be borne by the business and not City taxpayers
It is recommended Council adopt the resolution fully supporting new legislation that would enable a local referendum in the City of Danville to consider allowing a developer to construct a resort and casino in the City of Danville.


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