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City Council Approves Plan to Move Zappos Downtown | Business

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City Council Approves Plan to Move Zappos Downtown
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LAS VEGAS -- City Council members have approved a deal to move the headquarters for Zappos.com to the City Hall building in downtown Las Vegas.

The big move, which will take place in two years, is expected to help turn the struggling downtown around by bringing in about 1,000 of new workers into the traditionally troubled area.

Zappos. com is currently leasing space in Henderson. The Resort Gaming Group made a $25 million offer to the city to buy the City Hall site with the intent of developing it as a corporate campus for Zappos which will lease the property for at least 10 years.

"We will be able to sell that around the world to industries and businesses, to folks that are looking to relocate, and even folks that are not looking to relocate, to attract them to Las Vegas. We have been validated today as a result of this proposal," said Mayor Oscar Goodman.

Zappos CEO Tony Hseih said that downtown Las Vegas fits the culture of his company.

"Our culture is our number one priority and it is all about work/life integration and so most Zappos employees, when they leave the office, leave to hang out with other Zappos employees and we found that when that happens, it improves efficiency and productivity of their performance inside the office," said Hseih.

Fremont East, in particular, was a major selling point for moving the headquarters to the downtown area. In recent years, new bars and businesses have opened up in the area.

The city has already made plans to relocate City Hall to another downtown location in 2012.

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