Natural environmental change, anthropogenic development, and inter-annual variability can affect the ecology of estuarine fish and invertebrates. Yaquina Bay, Oregon, a well-studied estuary, has undergone intense development, as well as deep-draft dredging during the latter half of the 20th century, resulting in the alteration of ~45% of the lower estuary’s natural shoreline. In 1967, the United States Environmental Protection Agency (USEPA) conducted a 21-month survey of Yaquina Bay to characterize the demersal fishes and epibenthic crustaceans that occupy the bay. From 2003 to 2005, we conducted a 25-month survey to replicate that work and provide a comparative snapshot of the demersal fish and epibenthic crustacean community in the bay. A comparison of the trawl survey datasets reveals a 91% decline in total catch per unit effort (CPUE) between surveys, as well as a decline in multiple measures of biodiversity. Furthermore, the fishes and crustaceans of Yaquina Bay have experienced a shift in species dominance from demersal fishes in the late 1960s to epibenthic crustaceans in the 2000s, marked most notably by a nine-fold increase in the Dungeness crab CPUE. While this work does not establish a causal relationship between changes in the demersal communities of this West Coast estuary and human or natural events, it does document substantial changes in both the diversity and total abundance of animals in that community over a three-plus decade period of development and environmental variability. Hence, this forms a second baseline for continued long-term monitoring.