Central Virginia is on the brink of a remarkable transformation with the arrival of the Live! Casino & Hotel Virginia. This $1.4 billion project, spearheaded by The Cordish Companies and Bruce Smith Enterprise, is set to redefine the region’s economic landscape. The development brings unprecedented opportunities and growth to Petersburg and its neighboring communities of Hopewell and Colonial Heights. Let’s explore the exciting details of this game-changing initiative and how it builds upon the region’s impressive progress over the years.
A Region on the Rise
Firstly, it’s essential to recognize the strides Petersburg, Hopewell, and Colonial Heights have made in their economic revitalization efforts. From restoring historic districts to fostering local business growth, these communities have laid a robust foundation for further development. The Live! Casino & Hotel Virginia is poised to capitalize on this momentum, propelling the region to new heights.
The Live! Casino & Hotel Virginia: A World-Class Destination
The Live! Gaming & Entertainment District will span over 400,000 square feet, offering a premier gaming, hotel, and entertainment experience. Here’s what visitors and locals alike can expect:
- A luxurious 200-room hotel with 20 suites, a resort pool, and a fitness center
- An exciting casino floor with 1,600 slot machines, 61 live action table games, and a 15-table poker room
- A state-of-the-art, 3,000-seat event center for top-tier entertainment, meetings, conventions, and social gatherings
- Eight best-in-class dining and entertainment options, with three spaces reserved for local Petersburg restaurateurs and businesses
- High limit slot and table areas, a sportsbook, and a dedicated smoking terrace
Economic Impact: A Ripple Effect of Growth
Moreover, the Live! Casino & Hotel Virginia is projected to generate staggering economic benefits for the region. Over its first 10 years, the project is expected to create:
- $2.8 billion in economic stimulus to Petersburg and the surrounding area
- $504 million in tax revenues, including $240 million for the City of Petersburg alone
- $802 million in economic benefits during construction
- $201 million in annual economic impact each year after opening
- Over 7,500 new construction and permanent jobs, with an average compensation of $70,000 including benefits
Job Creation and Career Opportunities
Additionally, the project will create 7,500 new jobs, including 6,000 construction jobs and 1,500 permanent jobs across various fields. Live! Casino Resort is committed to hiring local residents, offering competitive salaries, life-enhancing benefits, and career mobility. To connect local residents with these opportunities, the project will host job fairs, workshops, and information sessions, as well as partner with community colleges and universities.
Community Benefits: Investing in the Future
Beyond job creation, the casino will provide significant funding for key community services. A portion of the proceeds from casino operations will be earmarked for education, infrastructure improvements, and public safety. This funding will help improve school facilities, enhance city services, and support public health and safety initiatives.
Furthermore, The Cordish Companies and Bruce Smith Enterprise are committed to supporting non-profit organizations in Petersburg and acting as conveners for community organizations and non-profits. They have consistently been recognized as valued community partners and among the largest supporters of local philanthropic efforts.
A Catalyst for Change in Central Virginia
In conclusion, the Live! Casino & Hotel Virginia is more than just a casino; it is a catalyst for change and significant urban development. The project will transform Petersburg through the creation of a thriving entertainment and hospitality destination. This will generate billions in economic benefits, create thousands of jobs, and revitalize the community.
With its ideal location at the intersection of Wagner Road and Interstate I-95, the Live! Casino & Hotel Virginia will attract visitors statewide and beyond. This will stimulate local businesses and produce an overall ripple effect of economic growth for Hopewell, Colonial Heights, and the broader Central Virginia region.
Embracing the Past, Building the Future
Finally, the Live! Casino & Hotel Virginia builds upon the remarkable progress that Petersburg, Hopewell, and Colonial Heights have made in recent years. By embracing the region’s rich history and seizing new opportunities for growth, these communities have set the stage for a vibrant and prosperous future.
As the Live! Casino & Hotel Virginia moves closer to its anticipated opening date in 2026, residents and visitors alike can look forward to an unparalleled gaming, entertainment, and hospitality experience. This experience will celebrate Central Virginia’s unique heritage and promising future.
Stay Informed and Engaged
For more information and updates on the Live! Casino & Hotel Virginia, visit the official website. Residents and businesses interested in job opportunities, vendor partnerships, or community engagement can reach out to the media contacts provided below.
Media Contacts
Andy Poarch: Andy@AllianceGroupLtd.com, 804-564-2566
Cari Furman, The Cordish Companies: cfurman@cordish.com
