Take the following as truth: On 15 May of that year, railroad officials from the San Pedro, Los Angeles, and Salt Lake Railroad stood at the intersection of Main and Fremont streets (where the Plaza Hotel now stands) and auctioned 1200 lots of railroad land mapped from 40 square blocks of desert dust.
Then the following statement: "The railroad company auctioned off vast tracts of desert land around its rail lines." is true, false, or inconclusive?
Answer: True