This is pretty awesome for transforming cities. This actually transform cities to become more creative and innovative like this is, a City Startup!
Tony Hsieh is no stranger to gambling his own money on visions he believes in, and he has both won and lost in the past – but never retreats. This time Tony’s betting $350 million worth of greenbacks on transforming the decaying and blighted part of the old Vegas Strip into the most community-focused large city in the world by earmarking $200 million for real estate, $50 million for small businesses, $50 million for education, and $50 million for tech startups. The Downtown Project has already funded 21 tech startups and 21 small businesses with the ultimate goal being to invest in 100-200 entrepreneurs.