{"id":3652,"date":"2026-08-12T04:19:41","date_gmt":"2026-08-12T04:19:41","guid":{"rendered":"https:\/\/coloradospringsmoverss.com\/?p=3652"},"modified":"2026-08-12T04:19:41","modified_gmt":"2026-08-12T04:19:41","slug":"broncos-greg-penner-says-opening-new-stadium-at-burnham-yard-by-2031-is-not-going-to-be-easy","status":"publish","type":"post","link":"https:\/\/coloradospringsmoverss.com\/?p=3652","title":{"rendered":"Broncos\u2019 Greg Penner says opening new stadium at Burnham Yard by 2031 \u2018is not going to be easy\u2019"},"content":{"rendered":"
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Getting your Trinity Audio player ready…<\/strong><\/div>\n
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Broncos owner and CEO Greg Penner said Tuesday he hopes the club can release renderings of a proposed Burnham Yard stadium soon, but reiterated that much work remains to be done to stay on track for a 2031 opening.<\/p>\n

Read more Revamped CU Buffs offensive line getting instruction from all directions<\/a><\/p>\n

Penner, speaking with reporters during a Broncos training camp practice, said he agreed with an analogy made in a Denver Post story this summer that the myriad processes, tentacles and complexities of trying to build a stadium and surrounding mixed-use district at the now-defunct former rail yard are akin to building a Rube Goldberg machine.<\/p>\n

\u201cI think that\u2019s a good analogy and I think everybody involved in the process has the intent to do the right thing and is trying to do the right thing,\u201d Penner said. \u201cBut it\u2019s a lot of moving pieces and it\u2019s complex. Our focus is squarely on the 2031 opening and trying to get that done, but it\u2019s not going to be easy.\u201d<\/p>\n

The Broncos have cleared one hurdle this week, closing a deal with SRM Concrete for nearly 10 acres worth of parcels on the northern portion of the proposed district. The club paid $55 million for the parcels, according to real estate records obtained by The Post, meaning it paid more for the wedge of land than it cost to buy the 57-acre rail yard itself ($45.8 million). Penner essentially echoed what team president Damani Leech said earlier this month: If the club has control over a process \u2014 such as stadium and district design \u2014 it is advancing efficiently. But in areas that require negotiation and collaboration with community groups and government entities, the going is much slower.<\/p>\n

Penner, though, said the club expected this when it began zeroing in on Burnham Yard as its preferred site.<\/p>\n

\u201cI don\u2019t know that it\u2019s been more frustrating than I thought,\u201d Penner said Tuesday. \u201cWe went into this knowing that, if you\u2019re going to do a project of this scale \u2014 and we knew when we started focusing on this site specifically that it was going to be more challenging. But we also really want to stay in Denver if we can and deliver a stadium in this market that is a vital part of the downtown.<\/p>\n

\u201cBut if you\u2019re doing a project in an area like that, it\u2019s just harder. So I think we went in with our eyes wide open about the challenges and we\u2019ll keep working through it.\u201d<\/p>\n

The club has said in community meetings and planning documents that its target start date for construction is in the spring of 2027. That will require many steps and processes to be completed in the next approximately six to eight months. The team needs a completed community benefits agreement with the Burnham Yard Community Association, an approved small-area plan, a district master plan, environmental remediation at the yard itself, a determination from the Denver Urban Renewal Authority on whether the site qualifies for tax increment financing and more.<\/p>\n

Read more Rockies recall Zac Veen as 2020 first-round pick returns to majors<\/a><\/p>\n

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\u201cIt\u2019s still a preferred site, but it\u2019s not finalized we\u2019re going to be in that location,\u201d Penner said. \u201cObviously that\u2019s where we really want to be.\u201d<\/p>\n

The Broncos have said that construction of a stadium and the first phase of the district are projected to take 3.5 to 4 years. Hence Penner\u2019s continued use of the word \u201caggressive\u201d when it comes to having shovels in the ground next year to put a stadium on track to comfortably open for the 2031 season.<\/p>\n

So far, the Broncos say they don\u2019t have a firm deadline for when they absolutely must have a go\/no-go, though to open in 2031 they\u2019d almost have to have a high degree of confidence by early 2027.<\/p>\n

\u201cObviously at some point you hit a deadline, but we haven\u2019t set a specific date that we have to have it all lined up,\u201d Penner said. \u201cAt some point there will be a judgment call, I\u2019m sure, where not everything is done. But we\u2019re not at that point yet. You don\u2019t want to start these massive projects without most, if not all, of your ducks lined up because you\u2019re going to end up spending a lot more money.<\/p>\n

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\u201cSo we\u2019re going to do it right, and when we start, we\u2019re going to do it expeditiously.\u201d<\/p>\n

Want more Broncos news? Sign up for the Broncos Insider to get all our NFL analysis.<\/em><\/p>\n

Read more New York real estate brokerage featured on Netflix show \u2018Owning Manhattan\u2019 expands to Colorado<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Broncos owner and CEO Greg Penner hopes NFL club can release renderings of proposed Burnham Yard stadium soon, but said there’s much work to be done to remain on track for 2031 opening.<\/p>\n","protected":false},"author":1,"featured_media":3651,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45,4,44,12],"tags":[],"class_list":["post-3652","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-denver-broncos","category-news","category-nfl","category-sports"],"yoast_head":"\nBroncos\u2019 Greg Penner says opening new stadium at Burnham Yard by 2031 \u2018is not going to be easy\u2019 - Colorado Springs Moverss<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coloradospringsmoverss.com\/?p=3652\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Broncos\u2019 Greg Penner says opening new stadium at Burnham Yard by 2031 \u2018is not going to be easy\u2019 - 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