The Denver Broncos will stay in Denver, building their new stadium at Burnham Yards, Denver Mayor Mike Johnston announced during his 2025 State of the City Address on Monday, ending speculation around a move to Lone Tree or Aurora.

[quote goes here]

Shortly after the Walton-Penner group took control of the Broncos in 2022, rumors began to gain traction as to whether new ownership also meant a new stadium.

The Broncos’ lease on Empower Field is set to expire at the conclusion of the 2030 season.

[quote goes here]

The 58-acre crescent-shaped Burnham Yard is located about a mile from Empower Field, on the opposite corner of where Colfax Avenue and the interstate meet.

A month ago, a story, published first by BusinessDen, said interests connected to the Broncos had gone on a $146 million spending spree around the Burnham site, buying up 10 surrounding properties from as far north as 13th Avenue, south to the Sixth Avenue Freeway overpass.

Included was a reported sale in April of a large parcel directly adjacent to the Light Rail station that had been owned by DHA for $7 million.

All of those properties lie close to the mile-long Burnham parcel, owned by the Colorado Department of Transportation (CDOT) after it had purchased the ground from the Union Pacific in 2021 for a reported $50 million.

According to reports, the team had also carried out year-long discussions with Denver Water, which has a large campus at 12th and Shoshone Street within a broader district of warehouses and industrial blight.

Denver Gazette Reporters Mark Samuelson and Bernadette Berdychowski contributed to this story.