Amend the City Code to permit a local legends banner display program on approved streetlight poles at approved locations.Several other matters were on the agenda Tuesday night. The resort is to be located at the former Dan River Mills industrial complex in Schoolfield. Provide an annual supplemental payment directly to the City based on a percentage of net gaming revenue.īased on estimates provided by Caesars and reviewed by Convergence Strategy Group, City Manager Ken Larking says it is expected that, by year three of operation, this project will produce $22 million in state-collected gaming tax revenue remitted to the City of Danville, $12 million in supplemental payments to the City of Danville, and $4.2 million in meals, sales, hotel/motel, and property taxes.Guarantee a minimum of $5 million in gaming tax revenue each year for every full year Caesars is in operation.Within 30 days of the referendum, pay $15 million to the City.Generate 900 construction jobs during the construction period.Employ 1,300 full-time equivalent employees, earning an hourly wage of at least $15 per hour.The resort is expected to be open in 2023. Construct a Caesars-branded resort casino with a minimum of $400 million in capital investment, to include multiple restaurants and bars, a hotel with 300 four-star guest rooms, a 35,000square-foot conference center, a 2,500-seat live-entertainment venue, a pool, and a spa.The highlights of this development agreement include promises to do the following: The development agreement is a legally binding document that outlines what Caesars Virginia is promising to deliver to the City of Danville should the casino gaming referendum pass on Nov.

The City Council on Tuesday night voted to approve a development agreement with Caesars Virginia as the city’s casino gaming operator.

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