The Port of Seattle opened Fishermen's Terminal on Salmon Bay as the Montlake Cut was under construction, and the Lake Washington Ship Canal wasn't yet completed. Pictures of its dedication on Jan 11, 1914 suggest it was raining heavily that day. The surrounding area remained undeveloped mud flats until Salmon Bay was flooded in the following years.
It remains an important home for a large fleet of fishing vessels. However, the relative importance of fishing to the Seattle economy has declined greatly, leading to the unmistakable ambiance of an industrial area in decline.
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