The Denver Broncos are discussing a new entertainment complex in Denver, with the proposal being a part of a larger project.
The U.S. Department of Housing and Urban Development (HUD) has awarded $30 million grant for a project in Sun Valley, the Denver neighborhood that includes the Broncos’ Sports Authority Field at Mile High. Proceeds from the grant, which was awarded to the Denver Housing Authority, will go toward intiatives such as affordable housing, education space, commercial properties for small businesses, and more.
Eventually, redevelopment efforts in the neighborhood could include an entertainment complex that involves the Broncos. Team officials have confirmed their support of the grant, and potential interest in developing in the area, but said in that talks are very much in the preliminary stages.
City officials echoed that information, but a summary issued by HUD outlined some possibilities for an entertainment complex in the neighborhood. More from the Denver Business Journal:
Later in the HUD summary, the planned development is mentioned again, in the caption of a photo depicting the Sun Valley neighborhood with the stadium in the background.
“In the background is the professional football stadium of the Denver Broncos and the future location of a $351 million entertainment district,” the caption read, in part.
The HUD document does not provide any further details about the Broncos project, how far along it may be, or what the source of information about it was.
A spokesman in the mayor’s office, contacted about the reference in the HUD document, said that the plan is still in the visionary stages in accordance with broader city plans to develop around RTD’s Decatur-Federal light-rail station, but that the Broncos had approached the city about a potential plan.
HUD announced the grant on Monday. The summary of the Sun Valley project can be viewed here.
Image courtesy Denver Broncos.