Cordish Sues the City of Norfolk Over Alleged Casino Deal
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The Cordish Companies has filed a lawsuit against the city of Norfolk, Virginia over an alleged broken casino development agreement. The plaintiff claims that the City was supposed to give it preference to construct a casino at the Waterside entertainment center when casino gambling was legalized in the state. Instead, the plaintiff says, City contributed to a conspiracy to make sure that no such casino project would proceed.
Cordish is suing the City of Norfolk over alleged breach of contract. The lawsuit claims the city was in breach after it approached the Pamunkey Tribe about developing a casino in Norfolk. PamUnkey Indian Tribe has already got the green light from the state to develop its Headwaters Resort and Casino. It is located one mile away from Waterside. Norfolk Redevelopment and Housing Authority has owned Watersid since 1999 and leases the property to Cordish's LLC.
Cordish is suing the City of Norfolk over alleged casino deal with Pamunkey Tribe. The tribe has no experience developing or operating a casino, but it has the backing of billionaire Jon Yarbrough. He made his fortune through the tribal casino industry. Pamunaks are planning to develop a $500m casino and open it in 2023.
