The Price Tag for Caesars' Virginia Casino Rises to $500 Million
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The Caesars Virginia casino project is likely to go over budget by a huge margin. The original plans stated that the whole project will cost around $400 million. Now, the price tag will rise to $500 million, according to Robert Livingston, senior vice president of Caeresars Entertainment.
The casino will be built at the former Dan River Inc.’s site in Schoolfield. The number of hotel rooms is likely to increase from 300 to 500. Three smokestacks will anchor the entertainment forum. Caesars will add a few more towers.
The venue will include several restaurants, a sports bar, brewpub, celebrity chefs like Gordon Ramsay and Starbucks. The conceptual design is complete. Permits for the projects are expected to be complete by mid-November. The resort will have a secondary car entrance and a pedestrian entrance from West Main Street. It will also have an outdoor pool, hot tubs, spa, fire pits and VIP area.
