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With a scheduled launch date of Sept. 22, 2012, the loop extension of the Portland Streetcar is nearing completion.
Expected to serve up to 3.5 million riders each year, the loop offers travelers 28 new stops through several popular neighborhoods in the city along the 3.35-mile route.
The new line connects downtown Portland to areas previously only served by the city’s extensive bus routes, such as the Oregon Museum of Science and Industry and the restaurants, breweries, coffee shops and bars of Portland’s central eastside.
The project includes six new streetcars manufactured locally by United Streetcar, LLC, a subsidiary of Oregon Iron Works — the first American-owned company to manufacture modern streetcars since the 1950s.
The estimated cost of the loop project is $148 million dollars, with $75 million provided by the federal government, $20 million from state lottery funds, $360,000 from federal transit funds and the remainder from other regional and local funding sources.