Denver Broncos president Joe Ellis has teased the idea of a new stadium after a change of ownership that is expected to be finalized before the 2022 NFL season.
A potential new home for the Broncos has been met with skepticism, but “it’ll be the No. 1 decision the new owner will have to make,” said Ellis, and could generate fresh revenue for the city and kickstart the development of new retail, dining, and residential properties.
- Estimated costs for a new stadium could exceed $2 billion.
- It would likely include a retractable roof.
- The enclosure would allow Denver to host a Super Bowl for the first time.
The Broncos’ current home, Empower Field at Mile High, opened in 2001 with construction costs that reached $400 million.
Last week, the Broncos received five non-binding bids to purchase the team. The bids included Los Angeles Dodgers, Lakers, and Sparks co-owner Todd Boehly and Philadelphia 76ers, New Jersey Devils, and Crystal Palace co-owner Josh Harris, as well as Rob Walton, per Sportico.
Walton, son of late Walmart founder Sam Walton, is reportedly bidding more than $4 billion.
Complete Overhaul
Recent changes for the Broncos also include its personnel on the field. Last month, the Seattle Seahawks traded Russell Wilson to the Broncos in one of the biggest swaps in NFL history.
This upcoming season, the nine-time Pro Bowler will play out the third season of a four-year, $140 million contract he signed in April 2019.
