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Prior to the conversion of the Walnut Street Bridge in 1992 to a linear park connecting the Northshore neighborhood to Ross's Landing and the Central Business District, the older commercial buildings along Frazier Avenue were in a steady decline.

The City of Chattanooga improved the sidewalks and added new street trees, and a unique public art program entitled "Steppin' Out on Frazier Avenue" was funded by the Lyndhurst Foundation depicting 13 individual dances using brass footprints by local artist Jim Collins in the sidewalks along both sides of Frazier Avenue. Subsequently, in October 1999, Coolidge Park was built occupying ten prime riverfront acres just south of Frazier Avenue on River Street. Now Frazier Avenue and the entire Northshore community is the place to be! Since construction started on Coolidge Park in 1998, at least 10 new restaurants and 24 new shops have opened and more are currently being planned. New residential units have been developed nearby and older homes are being restored in the surrounding neighborhoods.