The Cordish Companies unveils $1.4bn gaming venue in Petersburg, Virginia
Live! Gaming & Entertainment District promises to bring economic and job benefits to the community.
The Cordish Companies, a real estate development and entertainment company, has revealed plans for a $1.4bn transformative mixed-use development in Petersburg, Virginia. It claims the new venue – Live! Gaming & Entertainment District – will generate billions in economic benefits and spinoff development.
The company believes this will create thousands of new jobs and other benefits to the local community, and become a major new tourist destination for Petersburg.
Petersburg Mayor Sam Parham commented: “The details unveiled today show what the City’s vision is for this type of project and why we wanted to work with Cordish as the developer.
“An important part of our selection process was to identify a development partner with a proven track record in developing and operating mixed-use and casino properties, a long history of revitalizing cities across the country, and strong community engagement practices.
“Cordish is the only company, of the many we consulted with, that showed Petersburg a plan that goes beyond a casino and gives us a path to revitalize our city. We are confident we have the ideal partner in The Cordish Companies to bring our vision to fruition.”
Cordish has a strong record in developing casino entertainment resorts across the US which include the Hard Rock Hotel & Casino Hollywood, Florida; the Hard Rock Hotel & Casino Tampa, Florida; Live! Casino & Hotel Maryland; Live! Casino & Hotel, Philadelphia; and Live! Casino, Pittsburgh.
Cordish Companies CEO Zed Smith commented: “Live! Gaming & Entertainment District will be a catalyst for change and significant urban development and will transform the city by creating a thriving entertainment and hospitality attraction for the entire region.
“It will provide first-class amenities for the local community while generating spin-off economic development, creating thousands of new jobs for area residents, and substantial opportunities for local, minority, women-owned, and veteran-owned businesses. We look forward to continuing our work with the city to bring their vision to life.”
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