Bridgefest was organized to celebrate the Portage Lake Lift Bridge, which officially opened in 1959. The Bridge is a vital link between the communities of Houghton and Hancock, and is a gateway to the rest of the historic Keweenaw Peninsula.

The weekend celebration includes a wide range of events including outdoor concerts, sporting events, and the annual Bridgefest parade and Jon Davis Memorial Fireworks. The waterfront is a scenic venue in which to browse exhibits from local artisans, as well as a place to grab a quick snack in between the many activities. Bridgefest provides a variety of delicious foods and beverages in the Ray Kestner Waterfront Park on Friday and Saturday.