Constructed in 1909, the Hugo Union Pacific Railroad Roundhouse is one of only three remaining from the original pre-merger Union Pacific Railroad, with this being the only one in Colorado. It's one of only four historic roundhouses left in Colorado and the only one associated with the Union Pacific Railroad. It's also the only surviving brick roundhouse in the state and one of the most significant historical sites on Colorado's Central Plains.

Roundhouse Preservation, Inc. (RPI), a 501(c)(3) located in Lincoln County, Colorado received its non-profit status on March 20, 2002. Its focus is the preservation and restoration of the Union Pacific Railroad roundhouse in Hugo, Colorado. Even though the roundhouse is owned by Lincoln County, RPI has taken the lead in preservation of this historic structure.