Portland OKs $15.4M OMSI District Investment

Portland City Council has unanimously approved a $15.4 million investment to advance the development of the Oregon Museum of Science and Industry (OMSI) District. The funding will be used primarily for upgrading Southeast Water Avenue and laying down essential utilities. The 24-acre OMSI District aims to become a hub for innovation, culture, and science learning, featuring 1,200 housing units, 4.5 acres of parks, and a Center for Tribal Nations. The project, which has been in the works since 2008, is expected to take 10 to 30 years to complete and will generate significant economic development, including more than 11,000 jobs. OMSI President Erin Graham emphasized the critical nature of the investment for moving the project forward. The district is projected to break ground in 2025 and is partially funded, with additional public funds needed for full completion.