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St. Petersburg, VA Selects Cordish Company as Development Partner for Transformational Destination Resort Project

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Peterborough, Virginia, October 18, 2022 /PRNewswire/ — Cordish Companies has been Peterborough, Virginia As a development partner for a proposed world-class gaming entertainment destination. Tonight, the St. Petersburg City Council unanimously selected Cordish Companies to help realize its revitalization vision for the city.

“Cordish is honored and delighted to be city ​​of st petersburg As a development partner in this transformative project,” said Zed Smith, Chief Operating Officer of The Cordish Companies. “Urban revitalization is at the heart of The Cordish Companies DNA. We agree with Governor Yankin, Mayor of Parham, and Petersburg City Council’s commitment to create a world-class entertainment destination and gaming complex that will generate millions of dollars in tax revenue and incidental economic development, creating digital Thousands of new jobs and benefits for the local community, and a major new tourist destination for the city. “

The Cordish Companies is one of the largest and most respected developer-operators of upscale mixed-use, entertainment and casino resorts in the United States U.S.. This is alive! The brand is one of the most recognized and established entertainment and casino brands in the country. In gaming, The Cordish Companies have developed some of the most successful casino entertainment resorts in the United States, including the Hard Rock Hotel & Casino Hollywood, Florida; Hard Rock Hotel & Casino Tampa, FL; Live! Maryland Casinos and Hotels; Live! Philadelphia casinos and hotels; and life!casino Pittsburgh. Cordish Companies has received an unprecedented seven Urban Land Institute Awards of Excellence for its urban revitalization achievements, more than any other developer in the world. Cordish’s revitalization initiatives in the city, such as Charleston, South Carolina; Inner Harbor Baltimore, Maryland; and Kansas City, Missouri They have been catalysts for the broader growth and revitalization of these cities for decades.

“An important part of our assessment was identifying a development partner with a proven track record in developing and operating mixed-use and casino properties, a long history of revitalizing cities across the country, and strong community engagement practices,” the mayor said Sam Parham, city ​​of st petersburg. “The development of casinos St. Petersburg A once-in-a-lifetime opportunity to set the course for economic growth for decades to come.We are confident that we have chosen the ideal partner for The Cordish Companies to realize our vision St. Petersburg. “

Cordish Companies has a long history of taking a strong approach to community integration and engagement.Company is committed to supporting non-profit organizations St. Petersburg, as a convener, assists community organizations and nonprofits with fundraising and volunteering, which is of unique value to the company and its team members.A recognized leader in community outreach, The Cordish Companies has a proven track record of partnering with organizations in all markets in which they operate to maximize opportunities for local, women, minority and veteran-owned companies, and intend to make the same promise city ​​of st petersburg.

“We are delighted to be part of the Governor’s and State Government’s vision with a particular emphasis on revitalisation St. Petersburgcontinued Zed Smith. “We look forward to working with city ​​of st petersburg Create a transformative destination resort that adds new amenities to the region and attracts new visitors from across the region to enhance the city’s tourism efforts. “

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About Cordish Corporation

The Cordish Company’s origins date back to 1910 and include four generations of privately held family ownership. Over the past decade, The Cordish Companies has grown into a global leader in gaming; commercial real estate; entertainment districts; sports-based development; hotels; residential properties; restaurants; co-working spaces; and private equity. As one of the world’s largest and most respected developers, the Cordish Companies has received an unprecedented seven Urban Land Institute Awards of Excellence for public-private development projects unique to their cities. Cordish Companies develop and operate award-winning dining, entertainment and hospitality destinations everywhere U.S., many of the Live! brands belonging to The Cordish Companies, are recognized as one of the nation’s premier entertainment brands. Hosting more than 55 million visitors annually, these developments are one of the country’s best-known dining, entertainment, gaming, hotel and sports destinations. When it comes to gaming, The Cordish Companies has been ranked among the most successful casino hotel resorts in the world, including Hard Rock Hotel & Casino Hollywood, Hard Rock Hotel & Casino Tampa and Live! Maryland Casino & Hotel. The company recently opened a critically acclaimed Live! Philly Casino and Hotel, located in the Philly Stadium District, Live!casino PittsburghFor generations, The Cordish Companies has remained true to the family’s core values ​​of quality, entrepreneurship, long-term relationships and integrity. As a testament to the family-led long-term vision, The Cordish Companies still owns and manages nearly every business it created.For more information, please visitwww.cordish.comor follow usTwitter.

“The Cordish Companies”, “The Cordish Company” and “Cordish” are trademarks of independent corporations, liability companies and partnerships (“Cordish Entities”) used under license. Each Cordish entity is a separate, single-purpose legal entity solely responsible for its obligations and responsibilities. As there may be common references to separate entities operating under the names “Cordish”, “The Cordish”, etc., there is no or should be deemed to exist a common operational or financial interdependence of the Cordish entities, nor is there a Mixed Company” or “Cordish Company” here or elsewhere.

SOURCE Cordish Corporation



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