PORTLAND -- A new city park opened Thursday evening in Portland's new South Waterfront neighborhood.
The city and it's development partners promise more to come in this recently stagnant district. The stalling of the housing market on the South Waterfront has left many condos empty, auctioned or converted to apartments.
More than just a new two-acre green space, the city and its development partners hope Elizabeth Caruthers Park will signal the public of progress to come.
A mass-transit bridge across the river was also expected. An I-5 pedestrian bridge situated next to the Tram was coming. The Federal Government was helping rebuild Moody Ave. with new train tracks. And to the north -where OHSU owns 19-acres- plans for a new multi-university facility were moving forward.
"It is very exciting to be working with the state and PSU and Oregon State (University) on a true life sciences collaborative building for the waterfront which will have a significant research component in it," said OSHU Development VP Mark Williams.
The city's own development commission has invested most of it's intended $75 million in the district. And that has generated a billion dollars in construction, said the Portland Development Commission's Lisa Abuaf.
"I think we consider ourselves to be highly successful in terms of accomplishing many of the goals that were set out," she said.
More parks were also on the way. The city said it will take another decade or two for the South Waterfront vision to truly unfold.