VANCOUVER, Wash. (KOIN 6) — After a decade of planning and designing, construction on the $1.5 billion Vancouver waterfront has picked up speed.
The 32-acre site just west of the I-5 bridge is expected to become the premiere waterfront destination in the area — with a hotel, restaurants and a 10-acre park. The first road through the old mill site is expected to be finished by the first week of July.
“We’re going to have 15 restaurants right here, right along the park and the water,” Barry Cain with Gramor Development said. “I think this will be a top five destination in the Portland area. I think it’ll be a place where everybody comes when they go to Portland.”
All roads and the park are scheduled to finish within the next 18 months. The area’s first restaurant is slated to open in less than two years, Cain said.
KOIN 6 News asked Cain if nearby oil trains that roll right by his development will cause issues in the future. He said, he believes the oil train issue will go away if the state turns down the Port of Vancouver’s initiative.
“To the extent that they’re derailing and blowing up and burning around the country, there will probably be a disincentive for some people to come down here,” Cain said. “So that’s why I really don’t think there’s any chance of getting it approved.”
KOIN 6 News will continue to track the progress of the Vancouver waterfront development.