^^^Yep, it's...bold. Looks like something you'd see as part of the carnival during the Rose Fest.
Thanks you NJD, I was able to track down the article on google.
From the Oregonian (click link for news story):
http://www.oregonlive.com/art/index....ts_underw.html

Regional Arts & Culture Council
Jorge Pardo brings the sun inside to a shelter on the east end of the Broadway Bridge.

Regional Arts & Culture Council
Lead Pencil Studio will create two ghostly buildings on Hawthorne Boulevard and Belmont Street.