I will not bet in this market.
The following description was generated in-part by an LLM.
The Rio Grande Plan is a proposed infrastructure project concerning the Rio Grande Depot and nearby land in Salt Lake City, Utah, United States.
Resolution criteria:
This market will resolve to the date when the Rio Grande Plan is officially completed. For purposes of this market, “completed” depends primarily upon the plan's key components, including:
Restoring the historic Rio Grande Depot as a functional train station and transit hub
Re-aligning the railroad lines into a below-grade “train box” through Salt Lake City
Eliminating at least one street-level railroad crossings
The YES resolution date will be the first day that passengers can board a train as part of regular operating service.
This market is not concerned with changes to the project name, so long as the key components listed above are met.
Background:
The Rio Grande Plan is a citizen-initiated proposal aimed at revitalizing Salt Lake City's downtown area by addressing longstanding infrastructure challenges. The plan involves reengineering existing railroad infrastructure to enhance urban connectivity and restore the historic Rio Grande Depot to its original purpose as a central transportation hub. In August 2024, the Salt Lake County Council voted to support the plan, recognizing its potential to reconnect communities and stimulate economic development. (abc4.com)
A screening analysis conducted by Salt Lake City in December 2023 estimated the project's cost to be between $3 billion and $5 billion, with the potential to open up 76 acres of land for redevelopment. The plan proposes burying train tracks along 500 West, eliminating eight railway crossings, and restoring the Rio Grande Depot as a functional train station. (sltrib.com)
As of market creation in April 2025, the project is in the planning and evaluation stages with no official funding, let alone an official timeline. Such a timeline will depend upon various factors, including funding acquisition, regulatory approvals, and construction progress.
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