Smith and The Cordish Companies announce ambitious $1.4 billion venture

Smith and The Cordish Companies announce ambitious $1.4 billion venture

New $1.4 Billion Gaming and Entertainment Hub Planned for Petersburg, Virginia

Get ready for a game-changer! The Cordish Companies, in partnership with Bruce Smith Enterprise, have unveiled their ambitious project, the Live! Gaming & Entertainment District, set to revolutionize the City of Petersburg. This colossal endeavor carries a whopping price tag of $1.4 billion.

Positioned near Interstate I-95, the luxury casino, hotel, and entertainment resort aims to pump life into the local economy by creating thousands of jobs. Both construction and permanent roles are on the horizon.

Once completed, the Live! Casino & Hotel Virginia resort destination will boast more than 400,000 square feet of gaming, dining, and hotel space. Gamers can expect 1,600 cutting-edge slot machines, a 15-table poker room, and 46 live-action table games, along with a sportsbook and high-end gaming areas catering to the high rollers.

Image a bustling convention center spanning 35,000 square feet and an entertainment venue seating 3,000 for social gatherings, conventions, and meetings. To top it off, the resort will provide ample free surface parking, alongside a variety of dining and entertainment options, including spaces for local eateries.

The conglomeration is anticipated to generate more than 7,500 construction and permanent jobs and bring in a staggering $2.8 billion in economic stimulus to the region. Each year after opening, the area could potentially reap $201 million in annual economic benefits.

Two Industry Giants Team Up

In the world of development, The Cordish Companies and Bruce Smith Enterprise have carved their own paths to success. The Cordish, established since the early 2000s, has built a reputation for creating large-scale entertainment and casino resorts across the nation. Their focus lies in delivering top-tier destinations that showcase casino and hotel accommodations, entertainment venues, dining, and more.

Bruce Smith Enterprise, led by Pro Football Hall of Famer and Virginia native Bruce Smith, has been making strides since its inception in 2004. It has formed development agreements with notable organizations, expanding its footprint nationwide.

As Zed Smith, chief operating officer for The Cordish, says, the company is "excited to forge this new alliance with Bruce Smith" for the development of the new world-class gaming and entertainment destination in Petersburg. With a wealth of experience in developing massive mixed-use developments, they aim to deliver extraordinary experiences for their guests.

1. This new Gaming & Entertainment District, a $1.4 billion project, is set to transform the City of Petersburg.
2. TheLive! Casino & Hotel Virginia will span over 400,000 square feet, creating numerous jobs.
3. The resort will house 1,600 slot machines, a 15-table poker room, and 46 live-action table games.
4. Sports fans will enjoy a sportsbook and high-end gaming areas in this entertainment hub.
5. The convention center alone will cover 35,000 square feet, seating 3,000 for gatherings and meetings.
6. Free surface parking and a variety of dining and entertainment options will also be provided.
7. The Live! Casino & Hotel Virginia could generate over 7,500 jobs during construction and permanently.
8. The project is projected to bring in $2.8 billion in economic stimulus to the region.
9. Annually, the area could yield $201 million in economic benefits after opening.
10. The Cordish Companies and Bruce Smith Enterprise, two industry giants, have joined forces for this project.
11. The Cordish Companies, established since the early 2000s, specialize in entertainment and casino resort development.
12. Bruce Smith Enterprise, founded in 2004, has secured development agreements with numerous organizations.
13. Zed Smith, chief operating officer for The Cordish, expresses excitement for their alliance with Bruce Smith.
14. The partnership aims to deliver exceptional experiences for guests at the world-class gaming and entertainment destination.
15. Alongside finance, entrepreneurship is another sector this project impacts, stimulating the local business environment.
16. Interior design plays a significant role in creating an inviting and captivating atmosphere for visitors.
17. Cooking will be a vital part of the resort, with dining options spanning global cuisines.
18. Leadership skills will be essential for managing the resort's staff and ensuring a seamless guest experience.
19. Diversity and inclusion should be prioritized to create a melting pot of cultures and perspectives.
20. Lifestyle and outdoor living will intertwine, with opportunities for exploration and adventure within the resort.
21. Food and drink will be at the heart of the guest experience, with a focus on dining, beverages, and sustainable living.
22. Small businesses will benefit from the increased foot traffic from the resort, creating opportunities in the local economy.
23. Investing in this project could lead to substantial returns, making it an attractive opportunity for wealth management firms.
24. Home and garden businesses may flourish due to the growing housing market in the area.
25. Home improvement will be crucial for ensuring the resort's facilities remain top-notch and appealing to guests.
26. Baking and pastry shops could thrive, offering delectable treats for hotel guests and diners.
27. The resort's beverages will undoubtedly reflect current trends in the industry, from exotic cocktails to handcrafted brews.

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