{"id":327886,"date":"2024-08-14T13:58:01","date_gmt":"2024-08-14T18:58:01","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=327886"},"modified":"2024-08-14T14:42:42","modified_gmt":"2024-08-14T19:42:42","slug":"live-casino-hotel-virginia-readies-november-campaign","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/live-casino-hotel-virginia-readies-november-campaign\/","title":{"rendered":"Live! Casino & Hotel Virginia Readies November Referendum Campaign"},"content":{"rendered":"

The developers behind the would-be Live! Casino & Hotel Virginia resort project in Petersburg have assembled their referendum campaign team.<\/span><\/p>\n

\"Live!
A rendering of Live! Casino & Hotel Virginia in Petersburg. This November, city voters will decide whether the $600 million initial phase to bring a commercial casino to the area will move forward. (Image: The Cordish Companies)<\/figcaption><\/figure>\n

The Cordish Companies, the Baltimore-based gaming and hospitality firm behind Live!-branded casinos and entertainment districts across the country, is the preferred gaming developer of the City of Petersburg. <\/span><\/p>\n

\n

In a little more than a month, early voting will begin in Virginia, with local voters in Petersburg being fronted with a ballot question asking them to approve a commercial casino project<\/a> located off Interstate 95 at Wagner Road along Brasfield Parkway.<\/span><\/p>\n<\/div>\n

If a simple majority of the Petersburg vote backs the Live! casino pitch, Cordish and development partner Bruce Smith Enterprises will be cleared to move forward with applying for a gaming license from the Virginia Lottery, which regulates casinos and sports betting in the commonwealth<\/a>.<\/span><\/p>\n

Campaign Launch<\/b><\/span><\/h2>\n

Cordish and Bruce Smith recently announced plans to get out the vote in support of what the developers believe will electrify Petersburg’s economy. Per the United States Census Bureau, 22.2% of the city’s population lives below the federal poverty level, which includes individuals earning less than $15K per year or a family of four in a household with income below $32K.<\/span><\/p>\n

Cordish and Bruce Smith have brought on prominent local community activists Ja’Scotta Jefferson and Preston Page to serve as co-campaign managers for the 2024 Petersburg casino referendum<\/a>. Two duo, Cordish and Bruce Smith said in a release, bring expertise and passion “with a proven track record in community engagement, strategic communication, and campaign management.”<\/span><\/p>\n

\n

Bringing this casino resort project to Petersburg is more than entertainment — it’s an opportunity to boost our local economy, create sustainable jobs, and generate much-needed revenue for community projects and services,” said Page. “For too long Petersburg has been overlooked by major economic development projects. I am excited to play a part in making this dream become a reality for Petersburg and continue to thoughtfully find ways to create community-changing opportunities for residents.”<\/span><\/p>\n<\/blockquote>\n

Cordish and Bruce Smith hope to invest $600 million<\/a> to open a 200-room hotel with eight restaurants, a resort-style pool, 35,000 square feet of convention space, a 3,000-seat concert hall, and a casino floor with approximately 1,600 slot machines, 50 live dealer table games, a 15-table poker room, and a sportsbook.<\/span><\/p>\n

Economic Benefits<\/b><\/span><\/h2>\n

With the median household income in Petersburg less than $50K and per capita income below $30K, the developers behind Live! Casino & Hotel Virginia say the resort will bring hope for a better life to thousands of city residents.<\/span><\/p>\n

\n

The casino would be expected to directly employ 1,500 people on average wages and benefits of $70K. That influx of living-wage jobs, paired with revenue generated by the casino resort, would over the first 10 years of operation deliver $2.8 billion in economic stimulus to the region, Cordish and Smith claim.<\/span><\/p>\n<\/div>\n

“A project such as this will bring new positive change and economic benefits to the City of Petersburg,” said Jefferson. “Petersburg is a hidden gem. It’s time to let it shine.”<\/span><\/p>\n

With its location along the Appomattox River, Petersburg’s economy first relied on the cultivation and manufacturing of tobacco<\/a>. The British-American Tobacco Co. (BAT), which later became Brown and Williamson Tobacco Co. (B&W), were the city’s chief employers and taxpayers for many decades.<\/span><\/p>\n

Petersburg’s economic downfall began in 1985 when B&W closed its Petersburg operations to consolidate its business in Georgia. Inner-city blight, increased unemployment, crime, and property abandonment, contributed to subsequent racial and social problems.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Petersburg voters in November will decide if a casino comes to the Virginia city.<\/p>\n","protected":false},"author":25,"featured_media":327889,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,61],"tags":[90519,83460,84122,92025,83326,92026],"acf":[],"yoast_head":"\nLive! Casino & Hotel Virginia Readies November Campaign<\/title>\n<meta name=\"description\" content=\"The developers behind the would-be Live! 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