The Cordish Companies and Eldorado Resorts, Inc. announced today their formalization of a new 50-50 joint venture partnership that will master plan, design and develop a new world-class, mixed-use entertainment and hospitality destination in Pompano, FL. The development will complement and encompass the site of the existing Isle Casino Racing Pompano Park and bring new upscale retail, dining, and entertainment to South Florida. The 223-acre development will include a corporate office campus, residential, and a hotel.
ocated 35 miles north of Miami and less than 10 miles north of Fort Lauderdale, the project site is serviced by the region's major airports and easily accessed off I-95 at W. Atlantic Blvd. The 223-acre project site is one of the largest undeveloped parcels in South Florida and presents one of the best opportunities for development in the United States.
"We are proud to partner with Eldorado Resorts on this exciting new development," stated David Cordish, Chairman of The Cordish Companies. "Eldorado Resorts is one of the premier gaming and entertainment companies in the country. Together we are committed to delivering a unique mixed-use development that creates thousands of new jobs for the City of Pompano and South Florida, provides new amenities and attractions to the local population and attracts substantial new visitation to the region. I plan personally to spend significant time on the ground working to bring the development to fruition."
"The Cordish Companies is one of the leading developers of high-profile, mixed-use destinations in the country and has a level of expertise that is unmatched," stated Gary Carano, CEO of Eldorado Resorts, Inc. "This development is an incredible opportunity to complement our existing gaming and racing facilities on the site and will become a vibrant destination for visitors to South Florida."
Mayor Lamar Fisher, City of Pompano Beach, FL stated, "On behalf of the City, we are extremely excited that the vision and dream for the development of the Isle site is becoming a reality and look forward to working closely together with The Cordish Companies and Eldorado Resorts in creating a destination like no other."