Title | Las Vegas 'Downtown Project' In Chaos as Founder Hsieh Departs | |
Date | Thursday October 02 2014, @01:24AM | |
Author | LaminatorX | |
Topic | ||
from the snake-eyes dept. |
The Downtown Project, a privately funded effort to revitalize downtown Las Vegas with an infusion of technology startups, fashionable eateries and other futuristic and high culture businesses, as well as schools and medical centers, has hit a bump in the road. Project founder and lead investor Tony Hsieh quit the project weeks ago, leaving his management team the task of laying off staff. (Hsieh is the CEO of Zappos, which is based in Las Vegas). On Tuesday, 30 percent of the project staff were let go. The local businesses that DTP helped launch remain operational, but many of the non-revenue generating programs that the program sponsored - some led by heavy hitters brought to Vegas by Hsieh - have been axed, while the future of the revitalization roadmap established by Hsieh is now in question.
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