Philadelphia’s $700m Live! Casino and Hotel has held a ‘topping-off’ ceremony, as the region’s new gaming and entertainment destination builds towards a 2020 opening.
Stadium Casino, an affiliate of The Cordish Companies, and Gilbane Building Company marked the significant milestone, as the project is projected to generate in excess of $2bn in economic stimulus for the city.
Executives of each organisation were present as the final commemorative beam, adorned with hundreds of signatures from construction workers, was raised to complete the superstructure.
The 1.5-million-square-foot facility will feature 2,200 slots and electronic table games, more than 150 live action table games, a sportsbook, 12-story 200+ room boutique hotel, restaurants and live entertainment venues, valet parking and a new structured parking facility.
“What we are creating in Philadelphia’s Stadium District is unrivaled anywhere in the country,” noted David Cordish, chairman of The Cordish Companies. “Sports fans, foodies, gaming enthusiasts, concert goers, and anyone looking for a night of fun and excitement only have to make one stop to experience it all.
“Live!’s signature customer service that treats guests like they’re a member of the family will bring them back again and again.”
Furthermore, the developments economic and community impacts were also lauded with the previously detailed £2bn to be built on by $100m in tax revenues during its first five years of operation, including $25m to Philadelphia’s School District.
Live! Casino & Hotel Philadelphia is creating approximately 2,000 new permanent direct and indirect jobs, building upon an approximate 3,000 during construction, with recruitment efforts to begin next year.
“A big measure of our success is how we positively impact the communities where we do business,” said Joe Weinberg, principal of The Cordish Companies.
“We have an unprecedented program in place with the City of Philadelphia that will bring meaningful opportunities to the people, businesses and organisations that make Philadelphia the vibrant city we are so proud to call our new home.
“Just as one example, we are well on our way to achieving over 50 per cent participation in the construction of this project with minority and women-owned businesses.”
Cordish continues to build upon the prominence of the Live! Casino brand in the mid-Atlantic region with the development of two new gaming and entertainment destinations.
In addition to the Philadelphia market, a new Live! Casino will break ground in November 2019, in Westmoreland County, approximately 30 miles from Pittsburgh.
