Planners for Portland’s South Waterfront development are pressed for both time and money.
Developers are hoping for a federal grant to help expand roads and sidewalks at Portland’s South Waterfront and realign streetcar tracks with a planned transit bridge spanning the Willamette River.
The costs are estimated at $66 million; so far, the city has $24 million available.
Under the grant, all construction must be completed by winter 2012. But Portland transportation officials still don’t know if they’ll get the grant…
If the grant doesn’t come through, transportation officials would decide how to use the $24 million, and see if they could find more money elsewhere, Armes said. They would decide which parts of the project need to be done first and which could wait.
Read the full story at the Daily Journal of Commerce.
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