The Cordish Companies Unveils Details for $1.4 Billion Transformative Mixed-Use Development in Petersburg, VA
The Cordish Companies unveiled details for a $1.4 billion transformative mixed-use development in Petersburg, VA. Live! Gaming & Entertainment District will set a new standard for development in the Commonwealth, creating a world-class entertainment destination and mixed-use project with gaming that will generate billions of dollars in economic benefits and spinoff development, create thousands of new jobs and benefits to the local community, and become a major new tourist destination for the City. Ideally located at the intersection of Wagner Road and Interstate I-95, the Live! Gaming & Entertainment District will offer easy access on and off the east coast’s major north-south interstate.
“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 that we have the ideal partner in The Cordish Companies to bring our vision to fruition,” Petersburg Mayor Sam Parham said.
“The Cordish Companies is pleased to unveil details today for this major transformative development. Live! Gaming & Entertainment District will be a catalyst for change and significant urban development, will transform the City by creating a thriving entertainment and hospitality attraction for the entire Region, and 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,” Zed Smith, COO of The Cordish Companies, said.
