PETERSBURG, Va., Oct. 18, 2022 /PRNewswire/ — The Cordish Companies has been chosen by the City of Petersburg, VA as growth associate for a proposed world-class gaming leisure vacation spot. This night, the Petersburg City Council unanimously selected The Cordish Companies to assist notice its revitalization imaginative and prescient for the City.
“The Cordish Companies is honored and excited to have been selected by the City of Petersburg as development partners on this transformative project,” said Zed Smith, Chief Operating Officer of The Cordish Companies. “Urban revitalization is at the heartbeat of The Cordish Companies’ DNA. We share Governor Youngkin, Mayor Parham and the Petersburg City Council’s commitment to create a world-class entertainment destination and mixed-use project with gaming that will generate millions of dollars in tax revenues and spinoff economic development, create thousands of new jobs and benefits to the local community, and become a major new tourist destination for the City.”
The Cordish Companies is one of the most important, most revered developer-operators of upscale mixed-use, leisure and on line casino resort locations in the United States. Its Live! model is one of probably the most acknowledged and established leisure and on line casino manufacturers within the nation. In gaming, The Cordish Companies has developed probably the most profitable on line casino leisure resorts within the U.S. together with the Hard Rock Hotel & Casino Hollywood, FL; the Hard Rock Hotel & Casino Tampa, FL; Live! Casino & Hotel Maryland; Live! Casino & Hotel Philadelphia; and Live! Casino Pittsburgh. The Cordish Companies has been awarded an unprecedented seven Urban Land Institute Awards for Excellence in recognition of its city revitalization accomplishments, greater than every other developer on this planet. Cordish’s revitalization initiatives in cities like Charleston, SC; the Inner Harbor of Baltimore, MD; and Kansas City, MO have served as a catalyst for broader progress and revitalization of these cities for many years.
“An important part of our evaluation 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,” said Mayor Sam Parham, City of Petersburg. “The development of a casino in Petersburg is a once in a generation opportunity to set the course for economic growth for decades to come. We are confident that we have selected the ideal partner in The Cordish Companies to bring to fruition our vision for Petersburg.”
The Cordish Companies has lengthy embraced a robust strategy to group integration and involvement. The Company is dedicated to supporting non-profit organizations in Petersburg, performing as a convener to help group organizations and non-profits of their fundraising efforts and volunteerism, an endemic worth to the Company and its workforce members. As a acknowledged chief in group outreach, The Cordish Companies has a confirmed observe document of working with organizations in all markets the place it does business to maximise alternatives for local-, women-, minority-, and veteran-owned corporations and intends to make the identical dedication within the City of Petersburg.
“We are excited to be involved in the Governor and state’s vision to focus a special emphasis on the revitalization of Petersburg,” continued Zed Smith. “We look forward to working with the City of Petersburg to deliver a transformative destination resort that will add new amenities to the area and draw new visitors from throughout the region to enhance the City’s tourism efforts.”
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About The Cordish Companies
The Cordish Companies’ origins date again to 1910 and embody 4 generations of privately-held, household possession. During the previous ten many years, The Cordish Companies has grown into a worldwide chief in Gaming; Commercial Real Estate; Entertainment Districts; Sports-Anchored Developments; Hotels; Residential Properties; Restaurants; Coworking Spaces; and Private Equity. One of the most important and most revered builders on this planet, The Cordish Companies has been awarded an unprecedented seven Urban Land Institute Awards for Excellence for public-private developments which can be of distinctive significance to the cities wherein they’re positioned. The Cordish Companies has developed and operates extremely acclaimed eating, leisure and hospitality locations all through the United States, many falling beneath The Cordish Companies’ Live! Brand, extremely regarded as one of the premier leisure manufacturers within the nation. Welcoming over 55 million guests per yr, these developments are among the many highest profile eating, leisure, gaming, lodge and sports-anchored locations within the nation. In gaming, The Cordish Companies has developed among the many most profitable on line casino lodge resorts on this planet together with the Hard Rock Hotel & Casino Hollywood, Hard Rock Hotel & Casino Tampa and Live! Casino & Hotel Maryland. The Company lately opened the extremely acclaimed Live! Casino & Hotel Philadelphia, within the Philadelphia Stadium District, and Live! Casino Pittsburgh. Over the generations, The Cordish Companies has remained true to the household’s core values of high quality, entrepreneurial spirit, long-term private relationships, and integrity. As an affidavit to the long-term imaginative and prescient of its household management, The Cordish Companies nonetheless owns and manages just about each business it has created. For extra data go to www.cordish.com or observe us on Twitter.
“The Cordish Companies,” “The Cordish Company” and “Cordish” are logos used beneath license by unbiased companies, authorized legal responsibility corporations and partnerships (“Cordish Entities”). Each Cordish Entity is a separate, single-purpose authorized entity that’s solely accountable for its obligations and liabilities. No widespread operations or monetary interdependency, and no intermingling of property or liabilities of the Cordish Entities exists, or ought to be deemed to exist, as a consequence of the potential widespread reference to a number of unbiased entities working beneath the names “Cordish,” “The Cordish Companies” or “The Cordish Company” right here or elsewhere.
SOURCE The Cordish Companies
