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Prospectus Blog U.S. Secretary of Transportation Pays Visit, Awards Grant to Portland

LaHood.pngU.S. Secretary of Transportation Ray LaHood made his way to Portland, Ore., today to participate in the groundbreaking for a project in the city’s South Waterfront district. The country’s transportation chief brought with him a $23 million federal grant to help with the project.

The grant (a TIGER grant — Transportation Investment Generating Economic Recovery) is designed to “spur a national competition for innovative, multi-modal and multi-jurisdictional transportation projects.” The funds are specifically for the SW Moody Avenue project and will, according to LaHood’s blog, Fast Lane, “help generate economic activity by reconstructing a critical corridor.”

Read what Secretary LaHood has to say about it.