Kodish Company Plans $1.4B Casino Resort In Petersburg, Va

The Petersburg City Council, Va., on Tuesday unanimously selected casino operator Kodish Company to develop a $1.4 billion casino resort in the southeast corner of Petersburg. The project, which will be developed in three phases over 15 years, is promising for the city’s economy, but it also faces a contingency.

“Just because the council voted tonight doesn’t mean this is over,” Altman city manager John March said after the meeting. Major emergencies include the General Assembly’s approval that casino games comply with state legislative regulations and the proposed casino project in Richmond, less than 25 miles from Cordisi’s planned facility. The project was rejected by voters last year, but Kodish still considers it a major competition concern. 슬롯머신사이트

The presentation by the Cordish Companies gave the public the first detailed insight into the project, and it responded positively responded. Cordish Chief Operating Officer Zed Smith described the casino project as a “once-in-a-generation opportunity.”

Cordisi was chosen as a preferred suitor by the city council nearly two months ago when council members adopted a resolution to cooperate with the company in the development of casino resorts. The City Council also approved a consulting agreement with Speller Consulting Group at the time to recommend casino operators and sites. Petersburg agreed to pay $5,000 a month to a company owned by Lisa Speller under a consulting supplement. Speller notified Tuesday that it had considered five potential casino developers on behalf of the city.

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