The Denver Broncos have become the latest team to announce plans for a new stadium.
In a public letter, team owners Greg Penner and Carrie Walton Penner were joined by Denver Mayor Mike Johnston and Colorado Gov. Jared Polis in announcing the Broncos’ tenancy in Empower Field at Mile High will soon come to an end.
“Together, we are pleased to announce historic Burnham Yard in the heart of Denver as the preferred site for a world-class retractable roof stadium anchoring a dynamic mixed-use district,” the letter said. “Once a vital railyard that played a key role in Denver’s past, Burnham Yard now represents a transformational opportunity to reimagine the future with deep respect for the rich history of the area.”
While the budget for the new stadium was not disclosed, the letter continued, “In the spirit of a true civic partnership, the Walton-Penner Family Ownership Group will privately fund this investment and work with the community, city and state to reconnect historic neighborhoods—with no new taxes. These shared public improvements will ensure benefits extend far beyond gamedays with better accessibility, connectivity and multimodal transit options.”
The new stadium is being scheduled to be completed in time for the 2031 NFL season. The fate of the team’s current stadium was not raised.
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