SOURCE: The Cordish Companies

Millennium 3 Management

September 08, 2015 14:59 ET

Statement by Mr. Zed Smith, COO of The Cordish Companies

PHILADELPHIA, PA--(Marketwired - September 08, 2015) - The allegations against our company are false and malicious, are being spread by special interests for their own selfish gain, and have been widely discredited by the courts and leading civil rights organizations, including the Black Clergy of Philadelphia and NAACP Chapters throughout the U.S. Representatives of NAN never made an attempt to contact us prior to their initial public statements, on August 18. We offered to meet with Ms. Peebles, in writing, and she never responded.

As Chief Operating Officer of The Cordish Companies, and an African-American, I am very proud of our corporate leadership record in the area of diversity and inclusion, both nationally and in Philadelphia. In fact, our company's Xfinity Live! minority participation program has been identified as a model program by the City of Philadelphia's Economic Opportunity agency. The Cordish Companies was also recently recognized by the DC/Maryland Minority Business Association as the Most Inclusive Company in the DC/Maryland Region.

We have developed a model diversity and equal opportunity plan to maximize the participation by minority, veteran and local businesses and residents in the development and operations of our planned world-class hotel, casino and entertainment project. That plan includes a focus on construction, permanent employment and vendor opportunities.

We look forward to working with Councilman Kenyatta Johnson, the City Council, and leaders in the African-American, minority and local communities to create thousands of jobs and hundreds of millions of dollars of revenues for the Commonwealth and city of Philadelphia.

About Cordish

The Cordish Companies' origins date back to 1910 and encompass four generations of privately-held, family ownership. During the past ten decades, The Cordish Companies has grown into a global leader in Real Estate Development, Gaming & Lodging and Entertainment Management. One of the largest and most respected developers in the world, The Cordish Companies has been awarded an unprecedented seven Urban Land Institute Awards for Excellence for public-private developments that are of unique significance to the cities in which they are located. Prime examples are The Cordish Companies' prominent role in the redevelopment of Baltimore's world famous Inner Harbor; Philadelphia, PA; Atlantic City, NJ; Charleston, SC; Houston, TX; Louisville, KY; Kansas City, MO and St. Louis, MO. In addition, The Cordish Companies has developed and operates multiple highly acclaimed entertainment destinations throughout the United States which welcome over 50 million visitors per year and are the most visited destinations in their respective regions. Over the generations, The Cordish Companies has remained true to the family's core values of quality, entrepreneurial spirit, long-term personal relationships and integrity. As a testimony to the long-term vision of its family leadership, The Cordish Companies still owns and manages virtually every business it has created. www.cordish.com

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Contact Information

  • Contact information
    Meaghan F. Washington
    Senior Account Executive
    Millennium 3 Management, Inc.
    Tel: 215-751-0140
    Email: mwashington@m3mpr.com