Zappos is betting on Las Vegas. In late 2013, the online shoe and clothing retailer will move into the old City Hall building, situated on 12 acres. Approximately 1,000 employees will relocate with the company. But the changes in Vegas don’t stop there.
Tony Hsieh, CEO of Zappos, and other investors are pledging approximately $350 million over the next few years to revitalize downtown Las Vegas. The plan is to have a city where you can live, work and play all within walking distance. The money will be used for city improvements such as local education, condos and tech start-up companies. The end goal? To help the community that Hsieh lives, plays—and will soon work—in.
