By the 1930s, the Great Depression had taken its toll on River Street, leaving only the timber shipping industry profitable. River Street fell into disrepair, with abandoned warehouses and empty storefronts. By the early 1970s, only four shops, one restaurant, and one bar remained. In 1975, the City of Savannah approved the Urban Renewal River Street project, a $7 million investment that transformed 80,000 square feet of abandoned warehouses into shops, restaurants, and galleries..