Indeed, the report says that with $10 million, the city couldcap two-and-a-half blocks of the freeway with a very wide, verythick bridge in just five years time. The best spot to start, thereport suggests, is with the blocks between Alder and TaylorStreets. It would not only be close to existing light rail lines,but also close to Civic Stadium, the new Downtown streetcar lineand the burgeoning Pearl District.
The $10 million in public money is needed because the value ofthe land created--about $2.5 million a block, according to thestudy--would be offset by construction costs of $6.4 million ablock. An urban renewal district or a local improvement districtare possible funding mechanisms, according to the study.
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