Denver explores plans for new Broncos stadium as city grows

By: Shaul Turner | FOX31

DENVER (KDVR) — While the Broncos stadium proposal announced Tuesday will likely boost Denver’s chances of hosting a Super Bowl and other events, economic experts say the greater benefit will be a boost to Denver’s economy.

Empower Field at Mile High stadium opened in 2001 at a cost of more than $400 million. The new multi-billion-dollar stadium will be located about a mile south of that location. Construction is expected to be completed by 2031.

“It’s an area that was waiting to be redeveloped,” Dr. Andrew Goetz of the University of Denver told FOX31.

The 58-acre abandoned railyard is slated to host a state-of-the-art football stadium with a retractable roof. The project is privately funded by the Walton-Penner ownership group.

The city will create a major development featuring housing and retail on the land where Empower Field now stands. Now that the announcement has been made, the city will begin the official planning and land use process.

“The Broncos will likely be going through their own plan of what do they want to develop on their particular property it will likely not be just a stadium it will likely be a lot of buildings, businesses, (and) retail” District 3 Councilwoman Jaime Torres told FOX31.

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