The Old Port (sometimes known as the Old Port Exchange) is a district of Portland, Maine, known for its cobblestone streets, 19th century brick buildings and fishing piers. The district is filled with boutiques, restaurants and bars. Because of its reputation for nightlife, the Old Port overflows each weekend with revelers.
The Old Port district is located on the southeast side of the Portland peninsula, overlooking the wide mouth of the Fore River. It is bounded on the east by Franklin Street (United States Route 1A), with Commercial Street southwest along the waterfront, with 19th century buildings on its north side as far west as Maple Street. It extends inland as far as Federal Street, between Pearl and Temple Streets, with Fore and Middle Streets as major cross streets that very roughly parallel the waterfront. The shore area on the southeast side of commercial street is lined with wharves.
A large portion of this area has been designated a historic district, and is listed on the National Register of Historic Places as the "Portland Waterfront Historic District".
The Portland peninsula was first settled in the 17th century, but was abandoned during the French and Indian Wars of the late 17th and early 18th centuries. It was resettled, and incorporated as Falmouth in 1718. It prospered economically in the 18th century due to the lumber trade, particularly the trade in virgin trees used as ship masts. At the outbreak of the American Revolutionary War, a large part of the city was destroyed by fire in a British raid in October 1775. The city rebuilt, and again became a major shipping center and Maine's leading port and economic center. Commercial Street was created by fill in the 1850s, and Middle and Exchanges Street area developed as a major commercial district. In 1866 a major fire swept through the area, bringing on a wave of new construction.
The Old Port was transformed in the 1970s when real estate developers purchased derelict buildings and refurbished them into apartments, condos, offices and retail space. During that same decade, the Old Port Association formed and helped halt the city's demolition of historic buildings (see: Portland (Maine) Union Station) and lobbied for street scape improvements. The Cumberland County Civic Center was built at the top of the Old Port in 1977. In the early 1980s, Congress passed the Economic Recovery Tax Act, which provided tax incentives for redevelopment projects, and spurred further development in the district.