This time it’s for the South Waterfront development along Moody Avenue.
One year to the day after President Obama signed the historic American Recovery and Reinvestment Act (ARRA) into law, Secretary of Transportation Ray LaHood will announce Recovery Act awards to states, tribal governments, cities, counties and transit agencies across the country to fund 51 innovative transportation projects.
Among the $1.5 billion in TIGER (Transportation Investment Generating Economic Recovery) Discretionary Grant Program Portland will receive $23..2 million to reconstruct SW Moody Avenue in the South Waterfront area. The total expected cost of the project is $66.5 million.
The project will elevate the roadway by 14 feet to cap contaminated soils. It will include three traffic lanes, dual streetcar tracks and pedestrian and bicycle facilities. The project will introduce infrastructure investment to support future development.
