DENVER (KKTV) - The Denver Broncos announced on Tuesday that Burnham Yard is the preferred site for a new retractable roof stadium for the team, which they say they hope to have completed within the next handful of years.
The former railyard is about a mile from Empower Field at Mile High. In a letter signed by Broncos owners Greg Penner and Carrie Walton Penner, Denver mayor Mike Johnston and Governor Jared Polis, they say the stadium will serve to anchor a “dynamic mixed-use district” at Burnham Yard.
According to the announcement, the Walton-Penner Family Ownership Group will privately fund the new stadium “and work with the community, city and state to reconnect historic neighborhoods--with no new taxes.”
According to the Broncos, the team has “conceptual agreements” with the state to purchase the 58-acre site of Burnham Yard and with Denver Water to purchase 25 acres of land in the area as well. The Broncos go on to say private real estate acquisitions will make up the rest of the site.
The Broncos said they are targeting a completion of the new stadium before the 2031 NFL Season.
“One of our goals is to make sure that we are engaging community members 365 days a year in the area around the stadium.” – Broncos Owner Carrie Walton Penner
Broncos, @CityofDenver & State of Colorado announce preferred site plans for privately funded stadium development that… pic.twitter.com/UxJqDA8Q2i
— Denver Broncos (@Broncos) September 9, 2025
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