The James Beard Public Market is advancing significantly, thanks to a substantial financial commitment from the Oregon Legislature. Lawmakers have earmarked $10 million in lottery bonds to support the market, which is estimated to have a total construction cost of around $25 million. This funding was secured through the so-called “Christmas tree” bill, which allocates various financial resources for multiple projects.
Jessica Elkan, the executive director of the James Beard Public Market, expressed her enthusiasm, stating that this week marks a pivotal moment for the organization. Elkan highlighted the crucial role played by freshman lawmaker Shannon Isadore in facilitating this funding, emphasizing that the project’s progress would not have been possible without her backing.
The market is poised to become a vibrant hub for the community, featuring over 40 businesses, including a bakery, butcher shop, vendors of fresh produce, and stalls offering prepared foods. This diverse array of offerings is designed to cater to a wide range of tastes and preferences, promoting local agriculture and artisans.
This $10 million investment comes on the heels of a remarkable month for the organization, which has seen substantial financial support from various sources. Earlier, the James Beard Public Market received a combined total of $1 million from Regence BlueCross BlueShield of Oregon and the Cambia Health Foundation, along with an additional $500,000 donation from an anonymous benefactor. Furthermore, the Portland City Council approved $1 million for the market in its budget at the end of May, solidifying the project’s financial foundation.
With this growing support, the James Beard Public Market is one step closer to realizing its vision of becoming a key destination for food lovers and a vital part of the local economy. The influx of funds not only signifies confidence in the project but also underscores the community’s commitment to fostering local businesses and enhancing access to fresh, high-quality food.
