Denver Panel Backs $50 Million to Advance Summit FC Stadium Plan, Sending Measures to Full Council

Overview

• The committee advanced an initial $50 million allocation toward land acquisition and site preparation for a 14,500‑seat stadium at Santa Fe Yards.
• Denver’s total public investment would be up to $70 million, funded indirectly through interest from the 2017 Elevate Denver bonds routed via the capital projects fund.
• Summit FC’s ownership plans to pay about $200 million to build the stadium, which must be ready for play by March 2028 under the NWSL franchise agreement.
• Officials said roughly $36 million would go to acquire the site and about $15 million to prepare it, and a rezoning hearing for the property is scheduled for Monday.
• City officials said terms for a community‑benefits agreement have been reached and are being drafted, while pedestrian‑safety and bridge plans are still under discussion with RTD and CDOT and the team says it is exploring sites in other jurisdictions in parallel.