Who owns denver broncos stadium

Like nearly every other NFL teams in the s, Broncos owner Pat Bowlen wanted a new state of the art stadium constructed that had additional luxury suites and club seats in order to generate additional revenue.

In , voters approved a bond to build a new stadium for the Broncos. Constructed adjacent to Mile High Stadium, fans could watch as the new stadium rose. The next year, the team moved into Empower Field at Mile High.

It now serves as a parking lot for the new stadium. To his credit, Ellis has never tried to walk back from that statement. Q: When is the earliest the Broncos could go on the market and ultimately be sold? A: The day after the season Jan. A: Yes. If there are no bidders, the next likely step is that Sports Authority asks the court to let them out of the naming rights contract. At that point, the district would be free to negotiate a new contract.

In June, Sports Authority asked the court to relieve it from its sponsorships contracts, including sponsorship with the Denver Broncos. But that severed contract did not address the naming rights contract. Denver resident Karl Secher made a plea to the board not to sell the stadium naming rights at all.

However the board must consider the money, Baker said. The money from the naming rights contract has been used to finance improvements at the year-old stadium, which is about in the middle of the pack of all NFL stadiums in terms of age.

The Denver Broncos have agreed to sell the naming rights for Mile High stadium to Empower Retirement, giving the team a new corporate sponsor following Sports Authority's liquidation three years ago. The year deal, which is pending approval by the Metropolitan Football Stadium District, would rename the stadium Empower Field at Mile High through for an undisclosed amount, the company and team announced in a joint statement Wednesday.

Based in the Denver metropolitan area, Empower Retirement is the nation's second-largest retirement plan provider and has been a team sponsor since