RingSide Steakhouse, Tuesday at 5 P.M.

It's been around for 71 years, and if a random Tuesday night is any indication, RingSide Steakhouse will be around for at least another 70 more. In the pantheon of classic Portland restaurants, it's at the top.

Steeped in history and nostalgia, but freshly updated to keep with its upscale reputation, RingSide is where Portlanders go when they want to feel like a grown up, and eat like they mean it.

Owned and operated by the same family since it opened its doors in 1944, the steakhouse hasn't changed hands much, but it's definitely kept up with the times. The menu has grown, adding a lot more seafood and using local ingredients in dishes like roasted beet salad, and duck with chanterelles.

And in 2010 it got a major renovation that included the addition of a massive wine cellar and a dry aging room for their famous steaks. It took a year to complete, during which time the steakhouse moved to the Fox Tower (there was no question Downtown had to have its RingSide, even though there was a sister location on the eastside). When the epic remodel was complete, the family took the opportunity to use that space to launch RingSide Fish House.

As with most steakhouses, prices are special-occasion/expense account-worthy. But this Portland institution knows the denizens of this town well, offering a $5 late-night happy hour menu for the rest of us.