Petersburg Casino Project Certified For Upcoming November Election

PETERSBURG, VA

The City of Petersburg is one step closer to bringing the $1.4 billion Live! Casino Resort destination to Central Virginia following certification for this November’s election. The proposed project is being codeveloped by Bruce Smith Enterprise and The Cordish Companies and represents a first-of-its-kind development partnership in the gaming and entertainment industry.

The November 5th ballot question, which reads “Shall casino gaming be permitted at a casino gaming establishment in Petersburg, Virginia located on an approximately 92.5-acre development site located off Interstate-95 at Wagner Road along Brassfield Parkway in the City of Petersburg as may be approved by the Virginia Lottery Board,” will ask Petersburg residents to allow the development to proceed.

“Today shows we are All In for economic growth, opportunity, and social mobility in Petersburg,” said Sam Parham, Mayor of Petersburg. “City officials and many residents have worked very hard to get to this point, and we look forward to our great citizens having a vote on this historic moment and positive change this November.”

The proposed project site is situated at the intersection of Wagner Road and Interstate I-95 with easy access on and off the East Coast’s major north-south interstate.

The Live! Casino Resort destination is expected to be a catalyst for change and significant economic and tourism development. Promoters say it will set a new standard for gaming, hotels, and entertainment in the Commonwealth, and serve as a new world-class attraction for Petersburg and the greater Central Virginia region.

“I hail from Virginia, and I’m so gratified to be able to bring such an impactful project to a place I care about so deeply,” said Bruce Smith, Pro Football Hall of Famer, Prominent Developer, and Community Leader. “Over the years in both my football and business careers, I’ve learned that collaboration and building relationships are hallmarks of any successful undertaking. That is why I am excited to personally engage with Petersburg voters to show them how this long awaited economic opportunity will change the trajectory of their futures.”

In its first 10 years, the Live! Casino Resort destination, if approved by voters, is expected to generate $2.8 billion in economic stimulus to the Region and over 7,500 new construction and permanent jobs.

Upon completion, the world-class Live! Casino & Hotel Virginia resort destination will feature more than 400,000 square feet of first-class gaming, hotel and dining space and  35,000 square feet of meeting and convention space.

The partners intend to quickly open an initial first phase casino within a year of voter approval to begin creating jobs, vendor opportunities, tax revenues, and many economic benefits immediately for the City of Petersburg and its residents.

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