January 15, 2014 - Knoxville's Community Development Corporation (KCDC) will present the Five Points Master Plan for the redevelopment of the footprint of Walter P. Taylor Homes and Dr. Lee L. Williams Senior Complex at the Walter P. Taylor Boys and Girls Club on Monday, January 27, 2014 from 5:30-7:30 p.m.

KCDC's Master Planning team led by Johnson Architecture has held two previous public workshops to gather resident and stakeholder input on the project. This input has been incorporated into the Master Plan and includes proposals for different types of housing and new infrastructure, including roads, sidewalks and green spaces for the community.

"KCDC and our Master Planning team have been meeting with community members and working on this Master Plan process for months," KCDC President and CEO Alvin Nance said. "We cannot succeed without the full cooperation of those who live and work in Five Points, and we are very excited to be able to unveil our plan to the public to hear their feedback and gain their support."

The Master Planning Team consists of Johnson Architecture, Urban Collage, The Communities Group, Vision Engineering and Development Services, Carol R. Johnson Associates and the Real Property Research Group.

The Master Plan will outline a phased redevelopment strategy, and KCDC will discuss the next steps to accomplish the objectives. The total cost of the Five Points revitalization will be approximately $85 million and is estimated to take place over 10-12 years. KCDC is already nearly three years into the process, and KCDC and its owner's representative, Partners Development, have already completed several major construction projects in Five Points.

Beginning in August of 2012, 86 units of Walter P. Taylor Homes and 97 units of Dr. Lee L. Williams Senior Complex were demolished as part of a first phase to replace older public housing in Five Points with new units.

In total, 122 units of senior and family-style housing have been constructed to replace the demolished units. Residents displaced by the demolition of units at Walter P. Taylor Homes have received priority placement in a new unit in Five Points, priority placement at another KCDC property or a Section 8 voucher.

After the meeting, the Five Points Master Plan will be posted with summary reports from the two previous public meetings on KCDC's website (www.kcdc.org) under the "Five Points Revitalization" icon.

Since 1936, KCDC has been dedicated to enhancing the quality of life for the citizens of Knoxville and Knox County. KCDC's mission is to improve and transform neighborhoods and communities by providing quality affordable housing, advancing development initiatives and fostering self-sufficiency. For more information, call 865-403-1100 or visit http://www.kcdc.org.