DENVER (KDVR) — The rumors are true: the Denver Broncos are getting a new stadium.
After months of possible deals, paperwork and talk of a new stadium, on Tuesday, the Broncos, Mayor Mike Johnston and Gov. Jared Polis finally announced their preffered site for the new stadium at Burnham Yard, an abandoned railyard. This lies in a 58-acre area between 4th Avenue and Seminole Street in the Lincoln Park neighborhood.
The current Empower Field at Mile High Stadium opened in 2001 to replace the Broncos' original Mile High Stadium. The stadium moved less than 50 feet and cost more than $400 million. Now, the new stadium plans to move about a mile further in a several billion-dollar investment.
The city said the team is privately funding the new stadium. Meanwhile, the old stadium land will go back to Denver after the lease ends in 2030. The city said it could connect the area to surrounding neighborhoods and generate billions in economic opportunity.
“Today is a remarkable win-win-win for Denver,” said Johnston. “The Broncos are staying in Denver, we will finally open up the historic Burnham Yard neighborhood for development, and we get to reimagine the Mile High Stadium site as a thriving community in West Denver. The Walton-Penner Ownership Group’s private investment into building a world-class stadium in the heart of Denver will open up new possibilities – not just for Burnham Yard – but across the city.”
According to the mayor's office press release, developing Burnham Yard includes cleaning up pollued land used by the railyard for more than 150 years. The city will also work with the community to develop an area plan which could include recommendations for housing, parks, grocery stores and more.
That said, developing on Burnham Yard has already stirred up some controversy.
At the end of July, Historic Denver, a non-profit organization that advocates for historic landmarks, said the Colorado Department of Transportation destroyed several historic properties on the parcel of land. The non-profit said this was a site where women and people of color were able to work when they couldn’t anywhere else.
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