Vision Russell is a comprehensive, community-endorsed plan to redevelop the Beecher Terrace public housing complex and transform the area into a sustainable, mixed-income, mixed-use, multi-generational neighborhood with high-quality services and schools, as well as transportation and job opportunities.
Construction on the project, which is expected to have a ripple effect in California, Shawnee, Chickasaw, Portland and other west Louisville neighborhoods, will start in 2017 and continue for seven years. Minority-owned businesses will do at least 25 percent of the work. Ten percent will be performed by female-owned businesses, and a half percent by businesses owned by disabled people.
"Life does not present us with many opportunities like this, and it's our duty to make the most of it," Mayor Greg Fischer said.
Key elements of the plan
- Redevelop Beecher Terrace into a sustainable multi- generational, mixed-income, mixed-use development;
- Develop one-for-one, off-site replacement housing for Beecher Terrace residents;
- Increase safety and security;
- Re-create strong retail and service centers within the neighborhood;
- Improve educational and health outcomes for all Russell households;
- Improve community connectivity.
$29.5 million — Louisville landed a $29.5 million Choice Neighborhoods Initiative federal grant for our plan to transform the historic Russell neighborhood.
$200 million — That U.S. Department of Housing and Urban Development grant is expected to leverage $200 millionmore from individuals, private investment, foundations, nonprofits, government and other agencies.
$1.375 million — HUD action grant of $1 million awarded in June, with an additional Metro leverage of $375,000, will pay to repurpose vacant lots, improve Sheppard Park, transform TARC stops, and enhance neighborhood gateways.
$1.025 million — A HUD planning grant of $425,000 awarded in January 2015, with $600,000 leverage contribution from Metro, began the Choice planning process, which ultimately involved more than 600 people, including residents, community and faith-based organizations, local businesses and city staff.