I have a drawing that has a Master model and I reference in a raster file (.jp2 or .tiff) and when I reference the master into another model (in the same file) the rasters will not show up. In the raster manager I can click on the .tif file and a red box will appear but nothing inside it. Very Confused. I know microstation well but I am not a programmer.
Found my solution to this problem. For me it was in reference manager. I made sure Live Nesting was selected, then changed Nesting Depth from 0 to 5. My rasters are on one design model, referenced into a different design model in the same DGN, then that "master" model is referenced into a separate DGN.