LV Looks To Amend Zappos City Hall Deal
The city of Las Vegas has proposed major changes to the plan bringing Zappos.com headquarters to downtown. In December, the city signed an agreement to sell the land including the current city hall to the Resort Gaming Group, with the RGG to lease the property to Zappos. Zappos plans to relocate its corporate headquarters from Henderson to the downtown site. Under the new deal, the city would reduce the purchasing price for $25 million to $18 million. In turn, Zappos will relocate 1,200 employees to the new headquarters, more than originally planned. Also, the old city hall will be renovated to accommodate 2,000 employees total, with an additional campus to be built nearby. The overall cost of the project is also going up, from $43 million to $65 million. The deal also includes guranteed payment of a 15-year lease from Zappos’ parent company, Amazon.com.
The city council is scheduled to vote on the modified plan at its June 15th meeting. Both occupants of the current City Hall building, the City of Las Vegas and Metropolitan Police Department, are moving into new facilities in the next few years.