Downtown Utopia Hits A Snag

A utopian village for tech entrepreneurs in downtown Las Vegas is turning out to be not so utopian. Tony Hsieh, the enigmatic CEO of Zappos, put up $350 million last year to buy and develop about 60 acres of property in downtown Vegas. It’s called the Downtown Project. It’s a community for tech entrepreneurs complete with a school, communal living quarters, bars and restaurants. But now it’s being reported that there are big problems with the Downtown Project... and it might be on the verge of collapsing.