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CHARLOTTE, N.C. -- We've seen several neighborhoods expand and boom in growth over the years and now the City of Charlotte is setting their sights on a new project: North Tryon Street.

"Years ago, North Tryon Street was the place to be and South Tryon and South End kind of got ahead of North Tryon, but we're back in the race," said Michael Marsicano, President and CEO of Foundation for the Carolinas.

It's a race of re-development, re-energizing and renovating. A team of planning and design consultants from M.I.G. Inc. took a tour Monday after being assigned the task of designing North Tryon's future. The planning area begins at North Tryon and 5th street, expanding west to Poplar Street and East to Brevard Street. It ends where Tryon meets with I-277.

"Our hope is that they're going to bring this vision for what North Tryon Street could become, with some specific recommendations all the way down to the block level," said Michael Smith, President and CEO of Charlotte City Partners.

The men's homeless shelter also falls in this study area, but the leaders say their plan won't hurt the homeless. In fact, the 19 multi-sector partners invested in the project are raising $20 million for a rental subsidy program.

"So that we can be able to have folks who are low income and in need of housing, have rental subsidies to find the places that they need to be," Marsicano said.

They say more businesses, jobs and residents in the North Tryon corridor will be positive on the homeless.

"It's about imbalance and that's what you have right now," Smith said. "There's not enough activity and programming on North Tryon Street."

The thought of the shelter needing to close and move elsewhere concerns Jimmy McHone, who's had to stay there in the past.

"I mean you see occasionally somebody sleeping on the benches out there, but for the most part all of the people who are wanting to get help for themselves, they come here and this is where they find it," McHone said.

For now, it's too early to know the shelter's future. The plan is scheduled to be completed in May 2015.

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