Downtown Las Vegas: The City Itself As An Accelerator?

The VegasTechFund are now accepting applications for their new accelerator programme, Progression Labs. Part of the wider Downtown Project, VTF is a $50M seed VC fund investing in tech startups. People often think this is an accelerator programme itself, but it hasn't explicitly been that. Instead, they argue the city itself is an accelerator. Now though there is a more traditional accelerator as well. So do you get two accelerators for the price of one?