Overview

• The team, mayor and governor named Burnham Yard the preferred site and announced conceptual deals to buy 58 acres from the state and 25 acres from Denver Water, with additional parcels pushing the footprint past 100 acres.
• The Walton-Penner Ownership Group says it will privately fund land acquisition and construction, while Denver examines tools such as TIF to support streets, transit and environmental remediation.
• The plan centers on a mixed-use district and a retractable-roof stadium positioned to host year-round events and bid for major showcases like the Super Bowl, Final Four and large concerts.
• The target opening aligns with the Broncos’ lease at Empower Field through the 2030 season, after which the Mile High property could be redeveloped in partnership with the community.
• Next steps include environmental cleanup planning, formal land transfers, a Community Benefits Agreement, and a series of city approvals including a small-area plan, rezoning, a metropolitan district and a development agreement.