Posted By Matt Guillermo, Web Producer - bio | email
Zappos signed a 15-year lease last month to move into the current Las Vegas city hall in downtown.
LAS VEGAS (FOX5) -
Las Vegas City Council gave the final OK Wednesday on a development deal that would pave the way for online retailer Zappos' move to downtown.
Council members approved a final development agreement with Resort Gaming Group, which would effectively convert the current city hall into a corporate campus for Zappos.
The city is expected to move into a new facility a few blocks away from the current city hall.
The city says the move will bring at least 1,200 total jobs to the city and will impact the Las Vegas' economy to the tune of $336.6 million when Zappos opens.
The deal also allows Resort Gaming Group and Zappos to purchase an additional 10 acres adjacent of City Hall for an expansion of the company's campus.
The city said an addition to Zappos would mean an additional 2,148 construction jobs and 3,203 permanent jobs once it opens.
"The relocation of Zappos' corporate headquarters to downtown is triggering more interest, more business investments and a resurgence of enthusiasm for living and working in the heart of the city," Las Vegas Mayor Carolyn Goodman said about the move.
In December, Zappos signed a 15-year lease to move its corporate headquarters from Henderson to downtown Las Vegas.
Stay tuned to FOX5 and FOX5Vegas.com for the latest developments on this story.
Copyright 2012 KVVU (KVVU Broadcasting Corporation). All rights reserved.
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