Jim McGlothlin and Clyde Stacy, two prominent Virginia business leaders, plans to build a resort casino in Bristol, Virginia.

Mall transformation

As reported by the Herald Courier, the site chosen to build the casino is at the former Bristol Mall that closed on August 31, 2017.

The plan is to build the casino in one of the mall's former anchor store such as J.C. Penney or Sears. It should be around 100,000 square foot once finished.

According to News Channel 11, there would still be plenty of room left so the plan includes the construction of an on-site hotel, family friendly attractions and diverse entertainment and 50 stores and restaurants.

Par Venture LLC, Stacy's company purchased the mall for 2.6 million dollars this past June.

City attraction

As prominent Virginians figures, the future owners of the casino expect to create around 5200 jobs for the community that they love so much.

As McGlothlin explained, "We want to give local residents a bright and secure future for many generations to come. Good-paying jobs are the key to giving folks a reason to stay in the region and also to move here. At the end of the day, that’s why I’m doing this, to help folks in this place I call home, Southwest Virginia.”

No money will be spent by the city of Bristol, every last penny will come from McGlothlin and Stacy's pockets.

One issue still remains though: gambling hasn't been legalized in Virginia yet. Once done, the plan could be in full swing and in the end, the casino could earn the city of Bristol a 26.8 million dollars of tax revenues in 7 years.

Sources: https://calvinayre.com/2018/09/10/casino/virginia-multimillion-dollar-casino-plans-announced/