IBOV 185,446.90 ▲ 0.14% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,163.64 ▼ 0.42% MERVAL 3,048,162 ▼ 0.33% COLCAP 2,539.63 ▲ 0.20% BVL PERÚ 59,978.22 ▼ 0.37% USD/BRL5.13▲ 0.42% USD/MXN16.89▼ 0.21% USD/CLP932.88▲ 0.20% USD/COP3,132▼ 0.89% USD/PEN3.35▼ 0.34% USD/ARS1,509▲ 0.01% USD/UYU40.24▲ 1.26% USD/PYG5,947▲ 2.52% USD/BOB12.40▲ 3.51% USD/DOP59.00▲ 0.85% USD/CRC448.67▲ 1.62% USD/GTQ7.63▲ 2.29% USD/HNL26.84▲ 0.28% USD/NIO36.62▲ 0.07% USD/VES805.37▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.71▲ 0.91% EUR/BRL5.96▲ 1.03% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,446.90 ▲ 0.14% IPSA 11,315.26 ▼ 1.14% IPC MEX 65,163.64 ▼ 0.42% MERVAL 3,048,162 ▼ 0.33% COLCAP 2,539.63 ▲ 0.20% BVL PERÚ 59,978.22 ▼ 0.37% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Friday, September 4, 2026

Rio’s Big Urban Test: Turning Carnival’s Stage Into A Real Neighborhood

By · November 20, 2025 · 2 min read

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The world knows Rio’s Sambadrome as a once-a-year explosion of feathers and drums. Brazilians know something else: it sits on the ruins of Praça Onze, the “Little Africa” that was bulldozed in the mid-20th century to make way for wide avenues and, later, an elevated highway.

Now the city wants to reverse that logic. Mayor Eduardo Paes has unveiled “Praça Onze Maravilha”, a plan to tear down the Elevado 31 de Março flyover, sink traffic into an underground “mergulhão” and reconnect the Sambadrome to surrounding neighborhoods with parks, plazas and new housing.

The scheme is costed at R$1.75 billion ($324 million) and is designed to be funded by a public-private partnership rather than the municipal budget.

The project hinges on creating a special urban zone of about 2.5 million square meters, where developers get extra building rights and planning flexibility in exchange for financing infrastructure and public spaces.

City hall talks about 25,000 to nearly 40,000 new homes by 2032, in mixed-use buildings with shops at street level and apartments above, aimed at bringing life back to a central area that hollowed out over decades.

Rio’s Big Urban Test: Turning Carnival’s Stage Into A Real Neighborhood.
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Rio’s New Culture Hub Faces a Big Test

The showpiece is the planned Biblioteca dos Saberes, a 40,000-square-metre cultural complex designed by Francis Kéré, the Burkinabè architect who won the Pritzker Prize in 2022.

Built near the Zumbi dos Palmares monument, it is conceived as an open, porous “house of knowledge” for Afro-Brazilian memory, performances and everyday neighborhood use, not just a quiet library.

Behind the glossy renderings lies a harder question: can Rio pull off a big PPP without repeating the problems of its earlier port-zone revival, where debt strains, legal fights and fears of gentrification followed the initial fanfare?

Supporters see a fiscally cautious way to repair historic damage and anchor investment around work, culture and tourism instead of pure speculation. Skeptics point out that promises of social housing and inclusion often fade once contracts are signed and towers go up.

For outsiders, this is a test case: if it succeeds, Rio may show how private capital can help rebuild a battered city core while honoring the Black culture that made it famous. If it fails, it will be another warning about grand urban visions that look better on paper than on the streets.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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