[2] On 11 September 2012, Gene Jones, the current president and CEO of Toronto Community Housing at the time, presented a proposal for phase three of construction for the Regent Park Revitalization Plan.
The phase three proposal which would include the Regent Park Athletic Grounds, which would be paid for through a fundraising campaign with primary support from The MLSE Team Up Foundation.
The proposed phase three would also introduce three new city streets to Toronto's downtown core, as well as more than 500 replacement rental social housing units and more than 2,000 market condominiums.
The physical transformation includes an implementation of diverse styles of sustainable architecture (a shift from red and gray social housing projects), expanding and reconnecting the road networks to the Toronto Transit Commission as well as new streets and alleys maintained by the city.
Toronto Community Housing pays for the tenants' moving and rental costs during their relocation, finding the correct intermediate and future place for them to live.
In 2009, Toronto Community Housing, Artscape and the Daniels Corporation formed a joint venture—the Regent Park Arts Development—to develop and operate the centre in consultation with a community-based advisory committee.
[citation needed] Toronto Community Housing makes a point to stay in close contact with the residents who are undergoing relocation and anyone who is affected by the construction.
[8] The Toronto Open Doors Festival in the summer of 2012 provided all visitors with guided educational tours of the new buildings as well as an in-depth description of what was happening in the program.