Virginia casino partners purchase nearby land for $7M, looking toward expansion
Regulation · 2024-12-02
Virginia casino partners purchase nearby land for $7M, looking toward expansion
A 13-acre former industrial site across from the Bristol casino was purchased for $7 million by the founding partners in the casino venture and is currently being used for employee parking.
The property, at the corner of Catherine Street and Gate City Highway, was bought Sept. 6 by Exit 1 Development LLC… The property was assessed at $1.52 million, according to the deed.
The partners in the casino project — the United Company and Par Ventures — purchased the property, according to Andy Poarch, a spokesperson for the casino.
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