David Cordish - President, The Cordish Company

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Power & Light District Adds High-End Restaurant: ChinaBAR- CB5 Restaurant Group to Open Asian Fusion Concept in KCLive!

KANSAS CITY, MO – Today at a reception honoring the State of Missouri’s participation in the Power & Light District, the City of Kansas City and The Cordish Company announced ChinaBAR, a new CB5 Restaurant Group concept, as the latest tenant in the Power & Light District. CB5 Restaurant Group is an international restaurant and entertainment company responsible for over eighty original restaurants throughout the country, including concepts in conjunction with W Hotels, Ian Schrager Hotels, Cirque de Soleil, and the Onassis family. Founded in January 1998 by Jody Pennette, CB5 consists of restaurant specialists who conceptualize, develop, manage, and operate innovative restaurants in developments and hotels across the country. ChinaBAR will be located adjacent to “Vinino by Chef Paternotte” on the first floor of the Kansas City Live! block, and will front both the plaza and Grand Boulevard. The restaurant will total 7,500 square feet and have approximately 225 seats. ChinaBAR will feature Japanese sushi, Chinois specialties, and classic Chinese favorites, combining cross-cultural influences of the Far East with a contemporary urban atmosphere. ChinaBAR will also feature an extensive drink menu, including such classics as the Polynesian Mai Tai, the Singapore Sling, and the modern Lichitini, along with a selection of chilled sake. Signature restaurant features will include an extensive sushi bar, private tatami rooms, and an outdoor Zen garden which utilizes kinetic color and lighting to create a unique dining experience on every visit. “ChinaBAR is a journey through the familiar and exotic with a cross-cultural fusion of flavors and design,” said Jody Pennette, founder and creative director of CB5 Restaurant Group. “CB5 has opened restaurants in major projects throughout the United States and internationally, and we could not be more excited to become part of the Power & Light District in Kansas City. We have known The Cordish Company for years, and there is no equal in the entertainment development business. Cordish has demonstrated time and time again an unwavering commitment to quality, an astute attention to detail, and unparalleled expertise. The Cordish Company’s vision for the Power & Light District is inspiring.” “CB5 has a proven track record of success in major markets around the country and has established a reputation as a truly innovative and high quality restaurant company,” said Mayor Kay Barnes. “We are proud to welcome CB5 Restaurant Group to Kansas City. We are also proud to have worked closely with the State of Missouri, and we salute the legislature for its participation in the creation of this magnificent Power & Light District.” Reed Cordish, Vice President of The Cordish Company, stated, “We are incredibly excited to continue to deliver on the vision of the City and State legislators. ChinaBAR exemplifies everything the Power & Light District represents: a leading, entrepreneurial company creating a unique concept of the absolute highest quality.” ChinaBAR will arrive Fall 2007.About the Power & Light DistrictThe Power & Light District will create a vibrant, new nine block neighborhood in downtown Kansas City which will redefine the City from its skyline to its sidewalks. The District will link together the renovated Bartle Hall Convention Center, the new Sprint Center, offices, hotels, entertainment, cultural destinations and residential developments. Developed in partnership with the City of Kansas City and the State of Missouri, the $850 million mixed-use District will anchor $2 billion of complimentary development efforts in downtown Kansas City, such as the new H&R Block world-wide headquarters. The combination of entertainment, retail, nightlife and residential with imaginative and innovative design will create a unique and vibrant neighborhood. The retail and entertainment portion of the Power & Light District will feature the country’s premier concepts. ChinaBAR will join previously announced tenants such as the Bristol Seafood Grill, Cosentino’s Downtown Gourmet Market, AMC’s flagship arts movie theater in the revitalized Empire Theater, and a 3,000 capacity live music venue in the Midland Theater. The Power & Light District will feature vibrant lighting and landscaping, outdoor seating for restaurants, and a permanent performance stage to provide live entertainment. About The Cordish CompanyThe Cordish Company (www.cordish.com), now in its fourth generation of family ownership, is a multi-billion dollar conglomerate including one of the leading real estate development companies in the United States. The Company has diverse development expertise with divisions focused on Entertainment &

Mixed-Use, Gaming & Lodging, Sports Anchored Districts, Shopping & Lifestyle Retail, Office and

Residential. The Cordish Company also owns and manages a diverse group of operating businesses, ranging from restaurants/clubs to live music promotion to film/media distribution. The company values itself on the quality of its operations, its long-term relationships, and high level of integrity in all of its endeavors.

Best known for its real estate expertise, The Cordish Company is the largest and most successful developer of entertainment districts and concepts in the United States. In particular, the company has unparalleled experience in creating and revitalizing high-profile destinations in urban core locations. Many of the Cordish Company's projects involve public/private partnerships and are of unique significance to the cities in which they are located. Prime examples are the company's prominent role in the redevelopment of four highly successful projects in Baltimore's world-famous Inner Harbor; Atlantic City, NJ; Hollywood, FL; Charleston, SC; Houston, TX; Louisville, KY; and Tampa, FL. The company currently has over a billion dollars in construction in cities such as Kansas City, MO; St. Louis, MO; Pittsburgh, PA; Atlantic City, NJ; Houston, TX, etc.

The Cordish Company has received the highest possible national awards in its various areas of expertise. In real estate, the Cordish Company has received an unprecedented six Urban Land Institute Awards of Excellence.

The Cordish Company is a third generation, family owned business. Paul L. Cordish founded the Company in 1932 and remained active with the Company until his early 90’s and his passing in March, 2003. Paul Cordish’s legacy of integrity, humanity and hard work carry on as the core values of the Company.

In 1968, Paul Cordish's son, David S. Cordish, founded the real estate division of the Company of which he is President & Chairman.

All three of David Cordish's sons, Jonathan, Blake and Reed Cordish are active in the business. Blake and Reed Cordish are Vice Presidents in the real estate arm of the Cordish Company with responsibilities over the entertainment/mixed-use and restaurant/club divisions. Jonathan Cordish is the Chairman of its media/film division as well as an advisor to
the private equity investment division.

Partners and Vice Presidents of the Cordish Company include Glenn Weinberg, Joseph Weinberg and Charles Jacobs who are responsible, respectively, for the shopping center, gaming/lodging and legal divisions of the Company. All three partners have been with the Cordish Company approximately twenty years.

At the departmental level, the Cordish Company has assembled fully integrated teams of highly dedicated and knowledgeable professionals. Key company individuals include: Robin Lohoeffer, Comptroller; Gary Block, Vice-President; Zed Smith, Director of Operations; Alan Hicks, Director of Construction; Kimber Goodwin as Director of Marketing; Tunnie Ping as Director of Engineering; Jason Epstein, Director of Finance; and David Caldwell, Director of Development.

The Cordish Company is headquartered in Baltimore, Maryland, with regional offices and managers throughout the country. The Cordish Company's employees share a unique esprit-de-corps that has produced consistent excellence in its projects, and are the key ingredient in its growth over the past decades.

The Cordish Company's origins date back to 1910, when Louis Cordish began developing office and apartment complexes in the Baltimore/Washington area, and encompasses four generations of privately-held family ownership. Over the last ten decades The Cordish Company has grown into a multi-billion conglomerate including one of the leading real estate development companies in the United States and a diverse group of successful operating businesses.

The company was organized along its present line by David Cordish in the mid 1960s. David, Louis' grandson, is now chairman of The Cordish Company. Three of David’s sons: Jon, Blake and Reed, are principals in The Cordish Company. The Cordish Company's real estate development and operating companies are diversified, with divisions focused on entertainment/mixed-use, gaming/lodging, shopping centers, restaurants/clubs/music, office, and residential/student housing.

Non-real estate operating subsidiaries include a media distribution company and a private equity investment group. The company is the only developer to receive five prestigious Urban Land Institute Awards of Excellence, and has received consistent recognition as the leading national developer for urban revitalization projects. The Cordish Company enters its eleventh decade well-capitalized, with significant liquidity and highly energized to continue its growth.

The Cordish Company remains a family-owned business that values quality and excellence in its operations, long-term relationships and integrity. The Cordish Company has assembled fully integrated teams of highly dedicated and knowledgeable professionals to manage all facets of its businesses. As a testimony to the Company's commitment to quality and the long-term vision of its leadership, the Cordish Company still owns and manages virtually every business it has developed since inception.

The Cordish Company has received the highest possible national awards in its various areas of expertise. In real estate, the Cordish Company has received an unprecedented five Urban Land Institute Awards of Excellence. Its media distribution subsidiary, Cordish Media Inc., has distributed five Academy Award-nominated films, including one Academy Award winner.

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