Completion of the Caesars Virginia casino project on the former Dan River Inc. site in Schoolfield will be delayed, a Caesars Entertainment spokesperson told the Danville City Council during its meeting Tuesday night.
Officials initially announced that construction would be complete in the second or third quarter of 2023, with the casino opening in the third or fourth quarter. But the completion date has been pushed back to 2024, Caesars Entertainment spokesman Robert Livingston said.
“We’ve seen supply chain issues and other market forces continue to wreak havoc,” Livingston said, adding that labor shortages across the construction industry are slowing construction everywhere.
However, “none of this has altered our commitment to Danville,” he said.
Additionally, hundreds of years of concrete is being excavated at the Schoolfield site. “There’s a lot of concrete on that site,” he said.
Opening the casino in December 2023 is an unrealistic goal, Livingston said.
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“We remain confident that this project will open in 2024,” Livingston said. “No one is more committed than Caesars to getting this off the ground.”
Livingston noted that $5 million in annual subsidy payments to the city by Caesars will begin in September 2023, as set out in the development agreement with the city. Those payments will be made quarterly, she said.
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