Petersburg Voters to Decide on $1.4 Billion Casino Project

Petersburg’s Pivotal Moment: A Transformative Casino and Entertainment District on the Horizon

As Petersburg, Virginia, stands on the brink of a major economic transformation, the eyes of the community and investors alike are fixed on the upcoming referendum.

A $1.4 billion proposal for the Virginia Live! Gaming & Entertainment District promises not only a full-service casino but a comprehensive entertainment complex that could reshape the city’s future.

Imagine a Petersburg rejuvenated by thousands of new jobs and a bustling entertainment hub that draws visitors from across the region.

Dive into the details of this pivotal project and understand how it could impact Petersburg and its residents.

A Vision for Growth and Prosperity in Petersburg

Petersburg, Virginia, is gearing up for a significant decision that could alter its economic landscape forever. Later this year, voters will have the opportunity to approve the development of the Virginia Live! Gaming & Entertainment District, a proposed $1.4 billion project that could set a new precedent for entertainment and economic revitalization in the area.

Democratic Process in Action

In Virginia, the approval of new casinos is not just a matter for regulatory bodies but for the residents themselves. This democratic approach ensures that the communities most affected by such developments have a voice in the decision-making process. Petersburg voters are now poised to decide on one of the state’s most ambitious plans: the establishment of a sprawling casino and entertainment district that promises to be a cornerstone of local development.

Legislative Milestones

The legislative journey to bring this referendum to the Petersburg ballot has been spearheaded by Senator Lashrecse Aird, who, after several attempts, successfully passed SB 628. This bill not only positions Petersburg to replace Richmond as a potential home for this new casino but also simplifies the process by eliminating the need for a second General Assembly vote in 2025, a provision removed by Governor Glenn Youngkin. Both the Virginia Senate and House of Delegates showed strong support for the measure, highlighting broad political backing for economic development initiatives in Petersburg.

Economic and Social Implications

The proposed Virginia Live! complex is expected to transform Petersburg into a vibrant hub of activity and entertainment. If approved, the project would include:

• A casino with 1,600 slot machines and 46 live table games.
• A dedicated 15-table poker room and a high-limit room for premium guests.
• A comprehensive sportsbook for sports betting enthusiasts.
• A luxurious 200-room hotel complemented by a resort-style swimming pool.
• Eight diverse food and entertainment outlets.
• A 3,000-seat performance venue designed to host concerts and events.
• Ample meeting and convention space to attract business tourism.

This expansive development is poised to create approximately 7,000 jobs, significantly impacting local employment and providing new opportunities for community members.

The Power of Partnership

The project is a collaborative effort between Cordish Cos. and Bruce Smith Enterprise, who are committed to bringing their vision for the VA Live! district to life. Their combined expertise and resources promise to deliver a development that is not only economically beneficial but also culturally enriching for Petersburg.

Broader Impacts on Virginia’s Gaming Landscape

Virginia’s gaming landscape has been evolving, with online sports betting already a reality. The approval of the Petersburg entertainment district could pave the way for further expansions, such as legalizing online casinos, which would complement the physical gaming and entertainment offerings.

Preparing for the Referendum

With the referendum scheduled for November, City Manager March Altman is organizing a committee comprising city staff and community representatives. This group will spearhead efforts to inform and engage residents about the potential impacts and benefits of the project, ensuring that voters have all the information needed to make an informed decision.

Conclusion: A Defining Moment for Petersburg

As Petersburg voters prepare to cast their ballots, the potential for transformational change hangs in the balance. The Virginia Live! Gaming & Entertainment District represents more than just economic growth—it symbolizes a potential renaissance for Petersburg, promising a future where entertainment and prosperity can flourish side by side.