Bruce Smith Enterprise and The Cordish Companies have secured major approvals for their proposed $1.4 billion project, the Live! Gaming & Entertainment District. This large-scale complex entertainment project plans to use the land near the intersection of Wagner Road and Interstate 95 to be located in Virginia’s City Petersburg. Considering that this strategic location provides easy access to one of the East Coast’s most important north-south main terrains, it is expected to help visit the Live! Gaming & Entertainment District.
On Thursday, the Cordish Companies and Brice Smith Enterprise received approval for a large project from the City Council of Petersburg. The unanimous approval is a significant achievement for the pair, taking them one step closer to realizing their ambitious project. However, before starting the project, the issue should be raised with voters in the state. It is expected that Virginia voters will have the opportunity to approve or disapprove of the project in a referendum this November. 토토사이트 모음
The $1.4 billion massive project is expected to create more than 7,500 new construction and permanent jobs. At the same time, the Anchored Live! Casino & Hotel Virginia is expected to generate about $504 million in tax revenue during the first 10 years. In total, about $240 million in taxes are expected to directly benefit Virginia. In total, the project is expected to bring $2.8 billion in economic stimulus to the region, turning Petersburg into a place to enjoy gaming, entertainment, lodging, and shopping.
This project is expected to provide world-class entertainment and services
If the project is approved, the Kodish Company and Bruce Smith Enterprises Inc. plan to quickly enter the first phase and develop and open a new casino that will instantly create new jobs in the city. When the first phase is completed, the Live! Gaming & Entertainment District is expected to offer more than 1,000 slots, a dedicated poker room, a casino bar, and 23 live action table games.
Zed Smith, CODISH Company’s chief operating officer, thanked the Petersburg City Council for its recent decision to support the companies’ ambitious projects. He spoke about CODISH Company’s large-scale mixed-use casino resort and national development experience.
In addition, Smith added that his collaboration with Bruce Smith Enterprises represents the perfect fit for the company. Finally, the executive explained that the two companies are looking forward to working with the city and Commonwealth to provide outstanding gaming experiences and exciting opportunities.