The Cordish Companies chosen to develop Petersburg casino resort

The City Council of Petersburg, Virginia, has selected The Cordish Companies to develop the city's proposed first casino. The decision came a day after the Joint Legislative Audit and Review Commission released a study showing casinos in Richmond and Petersburg can coexist. 

In June, Petersburg's mayor Sam Parham said that he wanted to have a developer chosen before a possible referendum on the proposed casino in 2023. 

Zed Smith, chief operating officer of The Cordish Companies, said: "The Cordish Companies is honoured and excited to have been selected by the City of Petersburg as development partners on this transformative project". 

Smith added: "Urban revitalization is at the heartbeat of The Cordish Companies' DNA. We share governor Youngkin, mayor Parham and the Petersburg City Council's commitment to create a world-class entertainment destination and mixed-use project with gaming that will generate millions of dollars in tax revenues and spinoff economic development. create thousands of new jobs and benefits to the local community, and become a major new tourist destination for the city".