(Portland, OR) -- A plan to revitalize OMSI's waterfront campus is one step closer to becoming a reality. Yesterday, the Portland City Council unanimously approved nearly 17-million-dollars in funding for a critical piece of infrastructure to create the waterfront campus into a modern mixed use pocket neighborhood. The plan includes up to 12-hundred new housing units, with a minimum of 20-percent reserved for low-income families. It also includes retail and educational spaces along with a new waterfront. This development requires new roads and therefore, the approved funding will go to the Portland Bureau of Transportation to construct New Water Avenue, which will serve as the main thoroughfare. Two other streets will also be constructed to assist with traffic.