The NFL’s Denver Broncos are reportedly behind a series of 10 properties in an industrial section of the city’s Lincoln Park neighborhood, which is fueling talk that the team is planning to build a new stadium.
According to a BusinessDen report sourced from a single anonymous source who claims familiarity with the team’s real estate transactions, the properties were acquired by limited liability companies for $146 million in cash. The properties, which range from warehouses to vacant lots, are located near Burnham Yard, a state-owned former railroad juncture.
The Broncos have been based at Empower Field at Mile High since 2001. The team’s lease at its current stadium expires in 2031.
A Broncos spokesperson issued a statement regarding a potential new stadium that said, “As we’ve previously shared, we are involved in a comprehensive process regarding the future of our stadium. No determinations have been made as we continue to evaluate several options in and around the Denver metro area.”
Photo courtesy of the Denver Broncos
