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Petersburg creates advisory board for Cordish casino community payments

Deals & M&A

Summary

Petersburg, Virginia, established a seven-member Local Advisory Board to review funding applications and recommend community spending from payments by The Cordish Companies. The city and Cordish announced the appointments on 23 October; Petersburg plans to allocate 5% of each annual benefit payment to local priorities, with the City Council making final decisions.

Why it matters

The advisory board reviews applications, while City Council retains final authority over community spending from Cordish payments.

Cite as: SectorWire, “Petersburg creates advisory board for Cordish casino community payments”, https://sectorwire.news/item/petersburg-creates-advisory-board-for-cordish-casino-community-payment/

Explore the report’s connections
Entity mapoperates inappointed atLashrecse AirdSam RhueDarrin HillPetersburgAnnie MickensRichard TaylorRob NortonKimberly Pope AdamsThe Cordish CompaniesSam ParhamUSA
Entities and relations reported in this entry and our coverage.

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