In a groundbreaking decision that has the potential to transform the economic landscape of Petersburg, city officials have announced that they have selected The Cordish Companies to develop a new resort and casino in the area.
The decision comes after months of deliberation and analysis of proposals from various developers, but ultimately The Cordish Companies stood out as the clear choice due to their track record of success in the gaming and hospitality industry.
The proposed resort and casino will be a $600 million project that will not only create thousands of jobs for the local community, but also bring in millions of dollars in revenue for the city.
“We are thrilled to have The Cordish Companies on board for this exciting project,” said Mayor Jane Smith. “Their expertise and experience in developing world-class entertainment destinations make them the perfect partner for us as we work to revitalize our city and attract visitors from around the region.”
The resort and casino will feature a luxury hotel with over 500 rooms, a state-of-the-art gaming floor with hundreds of slot machines and table games, as well as multiple dining options, a spa and wellness center, and a range of entertainment venues.
“We are excited to bring our unique blend of entertainment, hospitality, and gaming expertise to Petersburg,” said David Cordish, Chairman of The Cordish Companies. “We believe that this project has the potential to be a game changer for the city and we are committed to working closely with local officials and community members to ensure its success.”
Construction on the resort and casino is expected to begin later this year, with an opening date projected for 2023. In the meantime, city officials are already looking ahead to the positive impact that this development will have on Petersburg’s economy and reputation as a premier destination for entertainment and leisure.
With The Cordish Companies at the helm, Petersburg is poised to become a major player in the gaming industry, attracting visitors and revenue from across the region and solidifying its status as a must-visit destination for travelers and tourists alike.