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Broncos Pick Denver’s Burnham Yard as Preferred Site for Retractable-Roof Stadium by 2031

Ownership says it will finance land and construction privately with no new taxes.

Children participate in a summer camp at La Alma Lincoln Park in Denver on Friday, July 25, 2025. (Photo by Hyoung Chang/The Denver Post)
Stephen Lew-Imagn Images
The Empower Field At Mile High in Denver, Colorado - the current home of the Broncos.
Burnham Yard, a 58-acre plot of land located at 800 Seminole Rd. in Denver on Wednesday, Dec. 4, 2024. (Photo by Hyoung Chang/The Denver Post)

Overview

  • Team owners Greg Penner and Carrie Walton Penner joined Mayor Mike Johnston and Gov. Jared Polis in naming Burnham Yard as the preferred location for a new stadium and entertainment district.
  • The Broncos have conceptual agreements to buy 58 acres from the state and about 25 acres from Denver Water, with additional private purchases bringing the footprint to more than 100 acres.
  • While no full budget was released, reporting places the project’s cost at more than $4 billion, and Denver is weighing tools such as tax-increment financing and public infrastructure investments for site preparation and access.
  • Plans call for environmental cleanup of the former railyard and a mixed-use district anchored by a retractable-roof venue designed to host year-round events.
  • The targeted opening aligns with the end of the team’s Empower Field lease after the 2030 season, and the city will pursue a Community Benefits Agreement and approvals as it considers redevelopment of the Mile High site.