Bruce Smith Enterprise and Baltimore-based The Cordish Companies have responded to a request for proposal issued by the City of Petersburg, Virginia, with plans to codevelop a $1.4 billion Live Gaming & Entertainment District, anchored by Live Casino & Hotel Virginia.
Upon completion, the project will have more than 400,000 square feet of gaming, hotel and dining space. It will include 35,000 square feet of meeting and convention space, an upscale 200-room hotel featuring 20 suites, resort pool and fitness center, 1,600 slot machines, 46 live action table games, including a 15-table poker room, high limit slot and table areas and a sportsbook, a 3,000-seat entertainment venue for talent from across Virginia and the greater region, as well as for meetings, conventions and social gatherings as well as eight food and entertainment options.
The Live Casino & Hotel will generate $2.8 billion in economic stimulus to the region, $504 million in tax revenues including $240 million to the city of Petersburg, $802 million in economic benefits during construction, $201 million in annual economic benefits each year after opening and more than 7,500 new construction and permanent jobs.
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