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Zappos, Inc. move to downtown Las Vegas expected to boost economy, revitalize downtown

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Zappos, Inc., ranked one of the Best Companies to Work For by Fortune Magazine, has big plans for downtown Las Vegas.

The online shoe retailer known for its innovative corporate culture plans to relocate its headquarters downtown, a move that is expected to boost the local economy and help to revitalize a struggling part of the city.

Zappos expects to relocate 1,200 employees from its existing headquarters in Henderson, Nevada to downtown Las Vegas in late 2013. The new headquarters will be located in the current City Hall site, which, after renovations, will be able to accommodate up to 2,000 employees. Estimates indicate Zappos’ move will impact the economy to a tune of $336.6 million and will result in the city collecting approximately $395,900 annually in additional property taxes.

According to a report prepared for the city by RCG Economics, some of the top industries to benefit from the Zappos move include food services, real estate establishments, health care providers and retail stores.

Relocating the Zappos headquarters to downtown Las Vegas, however, is only a small part of CEO Tony Hsieh’s plan.

Hsieh and a few partners will invest $350 million over the next 5 years or so to transform downtown Las Vegas into a community where Zappos employees and the city’s creative community will work, live and play. Plans include restaurants, bakeries, bike shops and even a doggie daycare. Hsieh wants to ensure that the move will not only be transformative for Zappos, but also for downtown Las Vegas.

This revitalization effort aligns with Las Vegas’ Downtown Project, which is working to transform downtown Las Vegas into the “most community-focused large city in the world.”

Hsieh’s motivation to revitalize Las Vegas stems from his personal ambition of fostering a thriving company culture based on employee happiness.

“At Zappos, our number one priority is our company culture,” he said in a statement. “Our belief is that if we get the culture right, most of the other stuff – like delivering great customer service and building a long-term enduring brand and business – will be a natural byproduct of our culture. Our future downtown location will be a great urban environment that will help grow the cultures of both Zappos and Las Vegas.”

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March news from the National Brownfields Coalition

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New guide for local leaders helps overcome barriers to address nation’s blighted properties

A new guide for town, city and county leaders outlines how to build the financial and political support needed to reclaim and redevelop the thousands of abandoned gas stations, auto body shops, and industrial facilities nationwide.

From Vacancy to Vibrancy focuses on underground storage tank (UST) sites – properties with buried or partially buried tanks that have been used to store petroleum or other hazardous substances. When gas stations, auto body shops, industrial facilities or other types of development close down, these tanks are often left behind. As they age, the tanks are prone to leakage and can contaminate both soil and groundwater, posing a serious environmental threat. The new guide takes aim at one of the primary reasons these types of properties remain vacant for so long: many officials just don’t know what to do with them.

The new resource provides an overview of the tools and strategies available to leaders who want to transform UST sites into economic and community assets.

The guide also includes information about state and federal brownfield program requirements, brownfield redevelopment financing strategies, and multi-site planning techniques. An annotated list of resources is included at the end for further exploration.

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Brownfields and the President’s budget

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The President’s budget for fiscal year 2013, released in February, requests $167 million for the U.S. Environmental Protection Agency’s Brownfields program – a $1.1 million (or 0.7%) cut relative to 2012. The Administration continues “zeroing” the U.S. Department of Housing and Urban Development (HUD) Section 108 Loan Guarantee Program, although it also asks for an increase in HUD 108 loan authority to $500 million. The Administration wants to make HUD 108 self-sustaining through increased fees, thereby eliminating the credit subsidy. The HUD Sustainable Communities Program, which Congress did not fund last year, is back in the President’s budget at $100 million.

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Senate transportation bill includes strong support for smart growth strategies

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The Senate voted today on its version of the federal surface transportation bill, passing the measure 74-22. The two-year, $109 billion bill includes several key provisions Smart Growth America supports:

  • The bill invests in repair for aging transportation infrastructure. The American Association of State Highway and Transportation Officials most recently gave the U.S. an embarassingly low “D” for its infrastructure. Constructed decades ago to help connect a growing economy, our infrastructure is now holding us back. Investing in repair is also a wise financial decision: as Smart Growth America’s report Repair Priorities explained, investing in road preservation and repair makes the most of existing resources and limits future liabilities.
  • The bill will help communities improve their Main Streets through funding opportunities for revitalization projects. Simple things like streetscape improvements can support local businesses and town centers across the country.
  • The bill will give communities the choice to create safe and low cost transportation options, like sidewalks and bike paths. This provision is particularly important as gas prices continue to climb.
  • The bill encourages states to develop complete streets polices, that make streets safer and more convenient for pedestrians, cyclists and drivers alike.
  • The bill takes critical steps toward a performance-based system that will make our transportation system more efficient and effective, and help make sure our national investments are sound.
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Partnership in the News: Spokane Tribe Addresses Water Needs

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With the help of the Environmental Protection Agency Smart Growth Implementation Assistance program, the Spokane Tribe of Indians will work with technical experts to address water infrastructure needs in Wellpinit, Washington. According to an article re-posted on the Environmental Expert website:

The Spokane Tribe requested assistance to support their development of a comprehensive water infrastructure plan that will focus on water and sewer system challenges in Wellpinit. The community faces future challenges of summer water shortages, drinking water delivery, pipe and pump failures, and design and maintenance of sewage management systems.

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From Vacancy to Vibrancy: A guide to redeveloping underground storage tank sites through area-wide planning

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A new guide for town, city and county leaders outlines a new tool they can use to build the financial and political support needed to reclaim and redevelop the thousands of abandoned gas stations, auto body shops, and industrial facilities nationwide.

From Vacancy to Vibrancy focuses on underground storage tank (UST) sites – properties with buried or partially buried tanks that have been used to store petroleum or other hazardous substances. When gas stations, auto body shops, industrial facilities or other types of development close down, these tanks are often left behind. As they age, the tanks are prone to leakage and can contaminate both soil and groundwater, posing a serious environmental threat. The new guide takes aim at one of the primary reasons these types of properties remain vacant for so long: many officials just don’t know what to do with them.

The regulatory issues associated with vacant properties containing a UST, as well as the time and money involved in cleanup, often makes revitalization seem like more trouble than it is worth. These challenges are overshadowed, however, by UST sites’ potential for neighborhood revitalization. From the Executive Summary:

UST sites are often both small and centrally located, and both these traits make them unique opportunities for revitalization. As demand rises for housing in neighborhoods close to town and in city centers – persisting in spite of larger challenges in the real estate market nationwide – UST sites are in a position to catalyze reinvestment and redevelopment initiatives.

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Partnership in the News: Redevelopment of Brownfield Site Begins in Tulsa, Oklahoma

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Tulsa city leaders met with Environmental Protection Agency staff to discuss beginning the cleanup of a brownfield site for redevelopment. Tulsa’s News Channel 2 reports:

Project organizers have met with citizens for several months, scouting possible sites for cleanup and redevelopment. Three sites have already been designated for cleanup.

“Environmental protection really equals economic growth and development,” said David Lloyd with the EPA. “This is a way for cities to reuse sites, use infrastructure, clean the environment and promote economic development.”

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Spotlight on Sustainability: Western New Hampshire

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With more and more emphasis being placed on personal health in relation to healthy, vibrant communities, western New Hampshire has joined the numerous places around the county working to improve access to healthy food choices for all sectors of the population. Through funding provided by a U.S. Department of Housing and Urban Development Community Challenge Grant, the Upper Valley Lake Sunapee Regional Planning Commission (UVLSRPC) is spearheading an effort to not only assess the geographic availability of healthy food options in relation to housing, but to then work with municipalities who hope to turn that analysis into a concrete set of policy changes that ensure accessibility, lower obesity rates, and improve public health.

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Smart Growth Stories: A Mayor’s Perspective

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Cincinnati Mayor Mark Mallory is on a mission to support economic development in his city, and he’s using smart growth and downtown development strategies to accomplish that goal.

“People were slow to embrace some of the changes we were proposing because they didn’t necessarily see how, say, the development of a street car would lead to more jobs,” Mallory says in Smart Growth America’s first “Smart Growth Stories” video interview. “They didn’t necessarily see how investing so much money in downtown allowed for improvements in neighborhoods. So I’ve had to explain to people that downtown is the engine, the economic engine, for everything that happens in our entire region.”

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