City approves multi-million dollar urban renewal project
Monday evening the Missoula City Council approved a $5.7 million tax increment bond for an urban renewal project.
There are three parts to the project: creating a new riverside park, rebuilding the old railroad trestle and adding a new cross-town thoroughfare.
Once finished, Silver Park will provide folks with a variety of recreational opportunities including boat ramps, river access, picnic areas, jogging and running trails and more.
City officials tell NBC Montana construction of the 14-acre park is expected to be finished by November.
Along with the park will come a new railroad trestle; the replacement of the trestle is necessary in order to construct the new road that will connect Russell to Orange Street.
Officials say they hope creating the new cross-town thoroughfare will take some pressure off of Third Street and Broadway. Once the new road is built you will be able to turn east onto Wyoming Street off of Russell, and drive straight through to Orange Street.
City officials tell us the building of the thoroughfare will open the area south of the park to the construction of new apartments and businesses too.
Construction of the trestle is expected to be finished by the end of April and the entire project by late October or early November.
City officials say they are thrilled to push forward with this project as it’s been nearly 10 years in the making. They also tell us the city will be hiring only local companies to work on the project’s construction.