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The city of Portland will extend the North Park Blocks in a project that will help lay the groundwork for the Broadway Corridor.

Portland Parks & Recreation is allocating $8 million to transform a city-owned parking lot into a public green space. The lot currently forms the northern terminus of the Park Blocks that extend through downtown and Northwest Portland. The property is next to the Pacific Northwest College of Art, and is bounded by Northwest Glisan and Hoyt streets, and Northwest Eighth and Park avenues.

The new park will transition into another new park on the redeveloped U.S. Postal Service site.

鈥淓xtending the North Park Blocks will add valuable green space to the Central City and give Portlanders additional access to the housing, offices, shops and transportation routes which the Broadway Corridor project will offer,鈥� Mayor Ted Wheeler stated in a news release. 鈥淧arks are an integral part of this new neighborhood that is adding thousands of new households and offices.鈥�

The Broadway Corridor is a master plan to redevelop 33 acres of Northwest Portland led by developer Continuum Partners of Denver.

Creation of the park will be paid for via system development charges, which are assessed to new developments.

鈥淭he newest North Park Block will provide an important place for neighbors and visitors to relax, to play and to reflect,鈥� Portland Parks & Recreation Director Adena Long stated.