Details on planned development surrounding Broncos Stadium emerged Monday, when the Denver City Council voted to adopt a related master plan.
The Denver Broncos and city officials have been considering the future of the area surrounding Broncos Stadium, with potential development to unfold in the facility’s existing south parking lots. Among some of the amenities that could be in the mix include new housing along with park space, retail, restaurants, offices, hotel rooms, and more.
On Monday, the city council voted 9-0 to adopt the Stadium District Master Plan, effectively signing off on the broad strokes of the envisioned development. The plan outlines some details on the potential scope of future development, but it was cautioned that the exact figures behind the plan could evolve over time. More from the Denver Post:
Preliminary documents said the project could host some 2,000 residents, plus retail, restaurants, offices and hundreds of hotel rooms, totaling 3.5 million square feet. It could require $150 million of roads, parks and more to be funded by special taxes on the site.
But the numbers could change, the project’s representatives stressed.
“We don’t have developers at the table. I’m not a developer. I’m a football guy,” said Mac Freeman, chief commercial officer for the Broncos.
Those details will come as the partners go through the more detailed rezoning process and work with developers.
Along with being touted as a way to bringing new amenities to the surrounding area, the development plan has been pitched as a way to create revenue sources that would pay for future stadium upgrades and maintenance. Formerly known Invesco Field at Mile High and later Sports Authority Field at Mile High, the facility originally opened in 2001. Officially, the venue is now known as Broncos Stadium at Mile High, though the Broncos have been looking for a future naming-rights partner.
Image courtesy Denver Broncos.