Ever since the Walton-Penner Ownership Group bought the Denver Broncos franchise for $4.65 billion back in 2022 — the most expensive sale for a North American sports franchise at the time — talks have been ongoing about potentially building a new stadium for the team. The current site of the stadium, just off of I-25 and Colfax, has been the home of the team since its inaugural year in the AFL in 1960.
Reports indicate that the Broncos could potentially be moving to a different spot in Denver if they were to build a new stadium under the Walton-Penner Group. There have been a series of multiple real estate transactions linked to the Broncos near Burnham Yard, located a bit southeast of the current stadium off of I-25 and Sixth Avenue.
The Broncos have begun buying land near Burnham Yard, a state-owned former railyard in central Denver considered a possible new stadium site, a source tells @Business_Den We found 10 transactions totaling $150M linked to one attorney.
The Broncos’ current lease for Empower Field at Mile High expires in 2031. If these purchases are the first domino in getting a new stadium site, that would result in the team not renewing the current lease and going with a different option. The Broncos played in the original Mile High Stadium from 1960 to 2000 before moving to Invesco Field, the first of four different names for the stadium for the 2001 season.
There have been plenty of potential stadium options rumored for the Broncos recently, including revamping the current site, moving down to Lone Tree, moving out towards the airport and more. Greg Penner said earlier this year that making the stadium a dome, or at least incorporating a retractable roof, is a possibility.
Reports indicate that the Broncos could potentially be moving to a different spot in Denver if they were to build a new stadium under the Walton-Penner Group. There have been a series of multiple real estate transactions linked to the Broncos near Burnham Yard, located a bit southeast of the current stadium off of I-25 and Sixth Avenue.
The Broncos have begun buying land near Burnham Yard, a state-owned former railyard in central Denver considered a possible new stadium site, a source tells @Business_Den We found 10 transactions totaling $150M linked to one attorney.
The Broncos’ current lease for Empower Field at Mile High expires in 2031. If these purchases are the first domino in getting a new stadium site, that would result in the team not renewing the current lease and going with a different option. The Broncos played in the original Mile High Stadium from 1960 to 2000 before moving to Invesco Field, the first of four different names for the stadium for the 2001 season.
There have been plenty of potential stadium options rumored for the Broncos recently, including revamping the current site, moving down to Lone Tree, moving out towards the airport and more. Greg Penner said earlier this year that making the stadium a dome, or at least incorporating a retractable roof, is a possibility.