Denver Broncos owners Greg Penner and Carrie Walton Penner have penned a letter revealing the preferred site for their new NFL stadium.
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This letter, written with Denver Mayor Mike Johnston and Colorado Gov. Jared Polis, announced that the historic Burnham Yard in the heart of the city is the team's preferred destination for its new privately funded, retractable-roof stadium.
Burnham Yard, a downtown railyard, served as an important hub for the city for more than a century. However, it ceased operations in 2016. Nearly a decade later, the Broncos want to use the area for a community hub built around a new football stadium.
"Together, we are pleased to announce historic Burnham Yard in the heart of Denver as the preferred site for a world-class retractable roof stadium anchoring a dynamic mixed-use district," the letter said. "Once a vital railyard that played a key role in Denver's past, Burnham Yard now represents a transformational opportunity to reimagine the future with deep respect for the rich history of the area.
"In the spirit of a true civic partnership, the Walton-Penner Family Ownership Group will privately fund this investment and work with the community, city and state to reconnect historic neighborhoods—with no new taxes. These shared public improvements will ensure benefits extend far beyond gamedays with better accessibility, connectivity and multimodal transit options."
“This is a really important milestone. But we have a long way to go. We've got to roll up our sleeves and get to work.” – Broncos Owner & CEO Greg Penner
Broncos Owners Greg Penner & Carrie Walton Penner join civic leaders in embracing “win-win-win” with Denver’s Burnham Yard… pic.twitter.com/XBOSK0MUHP
— Denver Broncos (@Broncos) September 9, 2025
According to the team website, the Broncos have agreements with the state of Colorado to purchase the 58-acre property. The team also has an agreement with Denver Water to purchase 25 acres of land.
The Broncos' goal is to build its hub on more than 100 acres. It will aim to reach this number through the current agreements, as well as private real estate acquisitions.
If approved, fans will not have to travel far to reach the new stadium site upon its construction. Burnham Yard is less than one mile away from Empower Field at Mile High Stadium, the current home of the Broncos.
"The Broncos are fully committed to a strong and inclusive Community Benefits Agreement process that will begin immediately," the letter continued. "Together, we will work hand-in-hand with the Denver City Council, local neighborhoods and community organizations—including Denver Water—to shape this vision with their needs and priorities in mind.
"Our goal for this ambitious project is to build a community that connects fans, neighbors and future generations across Colorado. In addition to creating a modern new home for the Broncos, this vibrant hub will attract premiere events driving impact for Denver and the entire Rocky Mountain Region."
