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Council approves casino-related leases; city manager cautions revenue timing
Summary
Norfolk City Council approved a lease with Boyd Gaming for parking/laydown parcels tied to the casino project and approved a five-year Nauticus lease for Waterside dining; the city manager said full casino revenues are not expected for several years.
The Norfolk City Council approved multiple lease actions related to waterfront operations and the casino project, and city staff clarified how and when casino revenues are likely to appear in the city's budget.
The council adopted an ordinance approving a lease by and between the city of Norfolk and Boyd Gaming Corporation for certain parcels on Reeves Avenue to be used for vehicle parking and lay down of materials in connection with construction of the casino project at 200 Park Avenue. The…
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