The Pamunkey Amerind Tribe inward VA maintains its “unwavering commitment” to building a first-class cassino in Norfolk on the banks of the Elizabeth II River. But the federally recognized Native American mathematical group says it might need to a greater extent time before ponying upwards the $10 trillion to the City of Norfolk to win the 13 acres of vacant shore where it plans to establish the gaming resort.
Norfolk urban center officials selected the Pamunkey American Indian Tribe as its preferred cassino developer in 2020.
Despite existence a little Amerind community of interests with less than 100 members living on its crowned head put down near West Point along the Pamunkey River and the folk missing gaming experience, the city went with the Pamunkeys for its cassino opportunity.
The Pamunkeys satisfied financial wellness concerns by partnering with billionaire Jon Yarbrough, who made his luck manufacturing games trim to the tribal gaming industry. With the financial backing of Yarbrough’s firms, Golden Eagle Consulting and Yarbrough Capital, the federation of tribes pitched Norfolk voters a $500 million casino. The local electorate signed cancelled on the be after during the Nov 2020 election with nearly 68% support.
Land Purchase Deadline Extended
Before the Pamunkey Amerind Tribe and Yarbrough pitched Norfolk voters their gambling casino plan called HeadWaters Resort & Casino, the developers negotiated with the city administration to purchase the vacant parking lots adjacent to the Harbor Mungo Park baseball game arena for $10 million. Over trey years, the federation of tribes and billionaire relieve haven’t acquired the acreage.
The developers ab initio planned to opened a temporary cassino within Harbor Park. It was later set that Virginia’s 2020 gaming natural law allowed temporary casinos to control only at the same turn to where the lasting cassino testament operate.
The tribe and Yarbrough and then pitched a temporary casino on the 13 acres spell construction of the lasting cassino would begin. That programme was later scrapped, with a unexampled proposition of building HeadWaters inward two development phases, with a casino first and the hotel and holiday resort later.
Norfolk officials balked at that idea and decided to make the folk and Yarbrough to the original design of building the entire coordination compound at once. That brings us to today, with the tribe confirming through and through a press out release that, inward September, it exercised its final alternative to expand the deadline to purchase the 13 acres for $10 zillion to January 2025.
Site Plan Submitted
Jay Smith, interpreter for the HeadWaters project, told Casino.org on Wednesday that get along is existence made on bringing the Norfolk casino to reality. The Pamunkey Amerind Tribe, Joseph Smith said, submitted its overture land site design to the City of Norfolk on October 20. The submission followed “months of productive meetings” between urban center and casino officials.
Our team has been group meeting routinely with urban center faculty to critical review the cast plans and discuss the development timeline,” added Henry Martyn Robert Gray, Pamunkey chief. “We need to get this cast upwardly and running as soon as possible to embark on generating revenue for our Tribe, for the other recognized Old Dominion tribes that testament welfare from this project, and for the City of Norfolk, its citizens, and the Commonwealth of Virginia.”
Smith explained that the prelude land site entry moves the projection finisher to net favorable reception and the set down acquisition.
“The Tribe plans to file an application program for final site architectural plan favourable reception and an diligence for a Development Certificate prior to Dec. 11, 2023, which will enable the applications to follow considered past the Norfolk Architectural Review Board inward January 2024 and considered past the Planning Commission inwards belatedly Jan 2024, followed by the City Council audience the applications inward Feb 2024,” David Smith detailed.