Bruce Smith, NFL Hall of Famer and former defensive end for the Buffalo Bills, is making headlines once again. This time, it’s not for his impressive career on the football field, but for his recent business dealings with the Cordish Companies in a proposed casino deal in Petersburg, Virginia.
The Cordish Companies, a prominent real estate development and entertainment company, has proposed a $389 million casino resort project in Petersburg. This project would include a 1,600-slot machine casino, a hotel with over 300 rooms, multiple restaurants, and a live entertainment venue. The company believes that this development could bring hundreds of jobs and millions of dollars in revenue to the area.
Bruce Smith, who hails from Norfolk, Virginia, has been actively involved in the development of this project. Smith, who is well-known for his successful post-football career in real estate development, is excited about the potential economic impact that the casino resort could have on Petersburg and the surrounding communities.
In a recent interview, Smith expressed his enthusiasm for the project, stating, “I believe that this casino resort has the potential to revitalize the economy in Petersburg and create new opportunities for residents. I am proud to be a part of this endeavor and look forward to seeing the positive impact it will have on the region.”
The proposed casino deal has already garnered a lot of attention, with some residents expressing concerns about the potential negative impact of gambling on the community. However, supporters of the project believe that the economic benefits far outweigh any potential drawbacks.
The City of Petersburg is currently considering the proposal from the Cordish Companies, and a decision is expected to be made in the coming months. If approved, the construction of the casino resort could begin as early as next year, with a projected opening date in 2023.
Overall, the partnership between Bruce Smith and the Cordish Companies in this proposed casino deal has the potential to bring significant economic development to Petersburg and create new opportunities for residents. As the project moves forward, all eyes will be on this high-profile collaboration and its potential impact on the region.