Dozens turn out for KCDC's Five Points Master Plan

Dozens turn out for KCDC's Five Points Master Plan

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The meeting was a culmination of several earlier meetings aimed at bringing the community into the conversation of what they want their neighborhood to look like. The meeting was a culmination of several earlier meetings aimed at bringing the community into the conversation of what they want their neighborhood to look like.
"I think this gives us an opportunity for people to feel comfortable and know that if I purchase a home in the Five Points community, my property values are going up," KCDC Executive Director and CEO Alvin Nance said. "I think this gives us an opportunity for people to feel comfortable and know that if I purchase a home in the Five Points community, my property values are going up," KCDC Executive Director and CEO Alvin Nance said.

KNOXVILLE (WATE) - Several people turned out on Monday evening to get a clearer idea of what an East Knoxville community may look like once sprawling renovations are completed.

Knoxville's Community Development Corporation presented the Five Points Master Plan at the meeting. It was a culmination of several earlier meetings aimed at bringing the community into the conversation of what they want their neighborhood to look like.

KCDC Executive Director and CEO Alvin Nance said the sessions have helped instill more confidence in people looking to move into the community.

"Why invest in an area that's losing value," Nance said. "I think this gives us an opportunity for people to feel comfortable and know that if I purchase a home in the Five Points community, my property values are going up."

The $85 million project will be completed in phases. One of the biggest steps was the demolition of Walter P. Taylor Homes in 2012.

The project is expected to take around 10 years to complete.

 

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