Overview
- In late May the Broncos and the Colorado Department of Transportation finalized a formal agreement to buy the 58‑acre Burnham Yard for $45.8 million and said a closing is expected this fall with a target stadium opening in 2031.
- Ownership plans to fund the stadium and surrounding mixed‑use development while the city and state have committed support for public improvements and say no new taxes will be imposed for the project.
- The purchase agreement gives a Broncos‑affiliated limited liability company a right of first refusal on the property and includes an option the team must exercise by June 2027.
- A key remaining condition is relocation of Denver Water facilities, which Denver Water officials say must be fully replaced at no cost to ratepayers before site work can proceed.
- Next steps include the formal closing, negotiated public‑private agreements, utility moves, environmental cleanup and phased design and approvals that together will determine whether the project meets its 2031 timeline and how nearby residents and traffic will be affected.