Daily News
Petersburg, Virginia Residents Vote Yes! For Live! Casino Resort: A Historic Moment for the Community
On November 5, 2024, the residents of Petersburg, Virginia, made history by overwhelmingly supporting the casino referendum with more than 80% of votes in favor of the Live! Casino Resort project. This remarkable show of support marks the highest approval for a casino initiative in Virginia history and is a monumental step forward for Petersburg and its future.
A Vision for Economic Prosperity
The approval of the $1.4 billion Live! Casino Resort, co-developed by The Cordish Companies and Bruce Smith Enterprise, will serve as a catalyst for economic revitalization in Petersburg. Anticipated to open its first phase in 2026, the resort promises to deliver thousands of new jobs, generate billions in economic benefits, and greatly enhance the local community’s infrastructure and services.
Bruce Smith, Pro Football Hall of Fame member and owner of Bruce Smith Enterprise, expressed gratitude for the community’s backing, stating, “The casino will not only create good-paying jobs for our residents but will also attract visitors statewide and beyond, stimulating local businesses.” With this vote confirming the community’s confidence in the project, the developers are eager to secure all necessary permits and licenses to begin construction.
Transformative Development Ahead
This casino project isn’t just about gaming—it represents an ambitious rejuvenation plan for the city, which has faced economic challenges in recent years. Mayor Sam Parham noted, “The approval of the destination resort and casino in Petersburg marks a significant milestone for our City,” emphasizing the transformative potential this initiative holds for future generations.
Once completed, Live! Casino Resort will boast a range of features, including:
- Over 400,000 square feet of gaming, hotel, and dining space.
- A 3,000-seat entertainment venue for top talent and events.
- 1,600 state-of-the-art slot machines and 46 live action table games.
- An upscale hotel featuring a resort pool and 20 suites.
The anticipated development is projected to generate $504 million in tax revenues, with $240 million earmarked for Petersburg alone, helping to support community services such as education and public safety.
Job Creation and Community Engagement
One of the most significant impacts of the Live! Casino Resort will be job creation. The project is expected to generate over 7,500 new jobs, with a commitment to hiring local residents. Roles will span various fields, including gaming operations, hotel management, marketing, and more.
To ensure that Petersburg residents benefit from these opportunities, the developers will host community-based job fairs and workshops, offering tailored recruitment services and training programs. Additionally, Live! Casino Resort is committed to sourcing goods and services locally, boosting economic growth within the region.
A Commitment to Community Partnerships
The Cordish Companies and Bruce Smith Enterprise have long valued community engagement and support. They plan to act as conveners for local non-profits and community organizations, assisting in fundraising and volunteer efforts to foster a sense of cooperation and shared purpose within Petersburg.
Zed Smith, Chief Operating Officer of The Cordish Companies, stated, “This community has waited a long time for an economic development project of this size and scale… We cannot wait to start hiring local residents and partnering with local businesses and entrepreneurs.”
As Petersburg embarks on this exciting new chapter, residents can look forward to a revitalized city that promises not only economic growth but a stronger sense of community spirit and opportunity for all. With the recent approval of Live! Casino Resort, the future of Petersburg shines brighter than ever.
For more information about the Live! Casino Resort project, please visit valive.casino.
The successful passage of the casino referendum in Petersburg stands as a testament to the city’s vision for a prosperous future. With the commitment of The Cordish Companies and Bruce Smith Enterprise, as well as unwavering community support, Petersburg is on the brink of transformation, setting the stage for a new era of economic vibrancy and community enrichment.
SOURCE The Cordish Companies
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