> where people near it all want it.

This is wrong, like 1/10 adults in that area voted yes.

No, they could still be owned by individual investors just without the protection of an LLC. One impact of that is that it makes slumlords personally liable for their properties, they can't play a shell game with LLCs and avoid liability for giving their tenants lead poisoning or failing to remediate black mold. From an insurance perspective, it would also limit one individual to owning ~4 - 5, maybe up to 15, 1 - 4 family dwellings because you can't get insurance for more than that as an individual.

I'm sure there would be some people who sold their properties. This change likely would put downward pressure on housing prices, which would be a good thing. It would not crash the market.

Let the casino die God damnit.

>richmond.com/news/s...

So then all these go up for sale, the people living their get evicted, the same people don't have the money to buy them, the housing market crashes which affects the larger economy and the people who couldn't afford to live before are the most affected. Congrats you just destroyed our city.

Let Petersburg have it. Casinos are long term losers everywhere they go.

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I wish we the actual people of Richmond could send a request for what we want to the General Assembly. Doubt the casino would be top of the list. Bet something related to more state funding for schools, teachers, and roads would be . . .

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Oh no, is he going to run for mayor? He’s so terrible, def not smart and ethical enough for that. He’s such a divider in the community, very us vs them. Was hoping he’d go into the general assembly where he would do less damage since he’d be one of many.

All it takes is 1 vote to win. The rest is for ego.

The casino plan was for them to pay Richmond $20 million plus $1 million per year, along with donating some amount to charity and another music venue.

Since we can authorize them or not they had to pay Richmond an extra tax, on top of another business moving into an empty area.

This is the end result of unregulated Capitalism. Without regulation nothing will change. The prices of housing it going to continue to rise, which means wages will rise as well, in direct opposition the Federal Reserve Banks, desire to lower wages in the misguided believe that inflation is caused by a shortage of low paying workers. We are at the highest employment rate in decades 3.5%. First raise the minimum wage to fifteen an hour. Then regulate utilities. Biden should have made it clear it railroads can't fix the problems and give sick days. The government will nationalize the railroads companies... F*ck Casino's. That isn't a economic plan its a lobbying issue.

Totally agree with you.

It’s what the city administration does - why come up with a new ideas when you can keep recycling the old

Fair enough. I'll concede that. But corporations owning hundreds or thousands of single family homes all throughout a city... it just ain't right

Councilman Mike Jones LLC owns the house he “lives in” in his district. Of course he owns multiple properties outside the city and his son was a star QB at Henrico HS while he was serving on city council. Managed to put a stop sign in front of the house on a commuter road as well that makes no sense being there other than to make his life more convenient. Really need someone to run against him in the new HOD district carved out for him as he preps to be our next mayor.

There's times they have to- like if they're building a new development, warehouse etc. they may have to buy and demolish several single family homes. They may also buy a single family home and transition it into something else. You see this a lot with large older properties being converted into hotels, event venues etc.

It should definitely be regulated but a flat out ban doesn't make sense.

You do realize the casino has its own ledger, yes?

It was what by 2400 votes? Defeated? Oh then I guess that's the decision. It's not a fucking jury trial.

So what ? If it only passed by 2400 votes do you think they would allow a revote? The people have spoken.

>to prevent any state effort to accelerate the required completion of a $1.3 billion combined-sewer cleanup of the James River before 2035.

lol

so basically "priority 1 is casino, priority 2 is keeping the james polluted for as long as possible"

cool. coolcoolcoolcool

Who paid for this headline

I'd love for the site of the casino to be a new manufacturer. I'm not sure what type of business that would be, but surely the city could court some global company to choose this lot as an investment location? The area is already built up for manufacturing and storage.

Instead Richmond is choosing to dig their heels in.

It's all absurd we could be spurring all kinds of new developments adding millions to the budget adding thousands of homes and Richmond will say they can't do anything.

It doesn't matter about short term rentals or not. I'm convinced a lot of that is a tax scheme to get around hotel taxes which are high because it's out of Towners.

The reason they buy it as investors is because the supply is not meeting demand so prices will rise. The big investors literally put in their sheets they love NIMBYs.

Add enough housing so that investors lose money. IMO the investor talk is because people don't like the idea that it's the people around them who are raising prices.