A HISTORIC NFL stadium is set to be shut down, with a team planning to move to a new $4 billion ultramodern home just three miles away.
An NFL team has made a stunning announcement about its future.
Denver Broncos’ Riley Moss defends a pass in the team’s Week 1 win over the Tennessee Titans[/caption]
Demolition debris at Burnham Yard, which is just several miles away from Empower Field at Mile High[/caption]
On Tuesday, the Denver Broncos announced plans for a retractable-roof stadium in Burnham Yard.
The stadium will be privately financed and will be at the center of a planned mixed-use development and entertainment district.
The area will be in a former railyard property just south of downtown Denver.
The concept concerning the Broncos’ proposed stadium is similar to that of the Chicago Bears, Cleveland Browns, and Washington Commanders, and their plans, which are a new stadium along with a new development around it.
Each of the teams is succeeding an older stadium.
The Broncos are eyeing a 2031 opening for the stadium, similar to the Bears.
The timing coincides with the completion of the Broncos’ current lease at Empower Field at Mile High in 2030.
“It’s our goal to have world-class facilities for this team and for our fans, obviously, with the rich tradition and history at Mile High, and find something that the fans would love as a site that had proximity to that and Denver,” Broncos owner and CEO Greg Penner said in a statement.
“We couldn’t be more excited about Burnham Yard as the preferred site to build a new stadium and an incredible year-round destination.”
The Broncos have shown their focus on Burnham Yard as a stadium site option.
The team has made numerous land purchases near the property this year.
The Broncos now have “conceptual agreements” to acquire the 58-acre parcel from the state of Colorado and 25 acres from Denver Water.
The total land is more than 100 acres.
The full cost for the Broncos stadium project has yet to be revealed.
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But the price tag will likely exceed $4 billion.
Empower Field at Mile High has been the home of the Broncos since 2001.
The news comes after the team’s Week 1 home win over the Tennessee Titans.
Denver will visit the Indianapolis Colts in Week 2.
