Residential development at the iconic White Mill building could provide homes for employees of the casino that Caesars Entertainment plans to build at Schoolfield.
The prospects for developing the White Mill look even better than before, said Danville City Manager Ken Larking.
“There will be demand for housing,” Larking said Thursday, pointing to the relatively high wages that Caesars Virginia would offer its workers.
The casino resort project would bring 1,300 full-time jobs once operational – in addition to 900 jobs during construction. The casino positions are expected to pay an average between $35,000 and $47,000 annually.
“Certainly that would increase demand for housing,” he said. “I think the market looks better when it comes to that.”
In January 2019, the Danville Industrial Development Authority, which is the city’s land-buying arm, approved an agreement with The Alexander Company for an option to buy the property for $3 million. The company has redeveloped at least 100 historic buildings and has performed new construction in several states.
“The Alexander Company wants to see this vital piece of Danville history receive new life and continues to actively explore potential uses for the White Mill,” company spokesperson Kendra Bishop told the Danville Register & Bee via email Thursday. “Unfortunately, we’re unable to expand on what those potential uses are at this time or when we’ll be making a decision on the existing offer to purchase.”
This article was originally published by the Danville Register & Bee.