Business Traveller Asia-Pacific Edition - December 2017

(Wang) #1

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DECEMBER 2017 businesstraveller.com

the revamped Bunkhouse Saloon. The
CEOhasastrongbeliefincreating
an environment that is conducive
to “spontaneous collisions” between
people. Rather than isolating himself
in a mansion in the suburbs, he prefers
to be on the ground in the heart of
the action. However, since distancing
himself from the day-to-day running of
theDTP,hedeclinedaninterviewwith
Business Traveller.
I did get to visit the headquarters of the
Downtown Project, though, and meet the
people managing it. Far from defeated by its
stunted tech scene (the hope of creating a
new Silicon Valley never came to fruition),
the initiative has pivoted towards food,
drink, culture and creating a walkable
neighbourhood. Not only does the DTP pay artists to
paint giant eye-catching murals around the place, but it
owns and operates a dozen thriving businesses, including
the Oasis at Gold Spike hotel, Inspire conference venue
and theatre, Corduroy rock bar and the Downtown
Container Park, which is a trendy hotspot for
independent restaurants such as Big Ern’s BBQ and
Bin 702 wine bar, which have set up shop inside
shipping containers.
Michael Downs, executive vice-president of the DTP,
says: “Tony was a bit of a pioneer – he had the vision, he
was the first one to open up his cheque book. He bought
the Gold Spike four-and-a-half years ago when it was a
tired, smoke-filled casino and we gutted the place, took
out the gaming tables and slot machines, and created a
co-working space by day, and nightclub by night. There

‘Tonywasabitofa
pioneer–hehadthe
vision, he was the
first to open up his
cheque book’

ABOVE LEFT TO
RIGHT:Fremont
Street East;
Ball pit in lobby
of Zappos HQ
OPPOSITE PAGE:
Weapons
for sale at
the Cashman
Centre

are also hotel rooms and apartments. People thought
we were kind of crazy for shutting down the casino but
now it is super successful.” He adds: “There is not as
much focus for us on tech – many of the start-ups have
gone back to California because I think they recognise
that there is more infrastructure and support for them
there. Over the last five years, though, we have found
what is successful. We want to create a really dynamic
entertainment corridor.”
Guarded by a giant fire-spewing praying mantis (a
second Burning Man sculpture), the aforementioned
ContainerParkisahighlight.Downssays:“The
ContainerParkissuperunique–itisaplacewhere
entrepreneurs have the chance to sell their goods in a
really approachable space where they won’t have to sign
a ten-year lease and put US$5,000 down. You can go
in for six months and sell white T-shirts and if white
T-shirts work you can do it for another six months.
If not you can pack up. There are always new tenants
coming and going.”
The Downtown Project has also been investing in
small businesses such as marketing agency Catalyst
Creativ, independent bookstore Writer’s Block,
24-hour dry cleaning firm Mint Locker, production
company Rock Salt Music, styling salon Bombshell,
vinyl store 11 Street Records, and hip restaurants La
Comida, Eat and Carson Kitchen.
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