Point Ruston LLC, the company behind the redevelopment of the former Asarco Superfund site, will launch the grand re-opening of the new and improved Ruston Way on Saturday.
The Point Ruston site has undergone dramatic changes, the most recent being completion of the new Ruston Way public infrastructure improvements. The project was funded through a $28.7 million Local Improvement District bond sale by the City of Tacoma, which will be repaid by Point Ruston. The project completes nearly one mile of public road replacement and infrastructure repair, realigning the new tree-lined, pedestrian oriented boulevard around the crumbling Ruston Tunnel.
The day's events will include two 5K races – the first featuring professional level runners and the second a fun run for amateur runners and walkers of all types. Both races begin and end at the new Grand Avenue roundabout, located at the main entrance of the Point Ruston development.
Point Ruston is located on nearly one-mile of Commencement Bay waterfront and being developed into a lifestyle center, featuring housing for nearly 3,000 residents and about 2 million square feet of mixed-use real estate.