It started with the idea to move Zappos' corporate headquarters from suburban Henderson, NV, into the old City Hall in Vegas — the full transition will happen next fall, costing $40 million —but turned into a much bigger vision.
Hsieh is investing $200 million into real estate and residential properties, $50 million into tech startups, $50 million into small businesses, and $50 million into arts, education and culture.
Essentially, he wants to create one of the world's next greatest cities.
We recently spent a week in downtown Las Vegas with Hsieh and his colleagues at Downtown Project— the organization that is managing the investments — and we were impressed by what we saw.
HE'S INVESTING $200 MILLION IN REAL ESTATE AND RESIDENTIAL PROPERTIES
Primarily in the Fremont East District, which is about two miles from the Strip.
The white building on the right is City Hall, where Zappos is moving its corporate headquarters in Fall 2013.
(Via Silicon Alley Insider.)