New Delhi, Nov. 22 -- Chatman Holdings' controversial $3.8 billion riverfront development promises 10,000 jobs and a grocery store for Ward 7, but divides community leaders over gambling's impact on low-income residents near the new Commanders stadium.

A Pittsburgh-based real estate developer has unveiled an audacious plan to transform a waterfront parcel near Washington's future Commanders stadium into a casino-anchored entertainment district, sparking fierce debate over whether gambling legislation should bankroll community amenities in one of the District's lowest-income wards.

Chatman Holdings LLC, a minority and woman-owned firm, presented its proposal for a ten-story casino gambling venue, 1,000-room hotel, and mixed-use developme...