The Denver Broncos announced Tuesday morning that they expect to build their next stadium at Burnham Yard, a dilapidated former railyard in the Lincoln Park neighborhood that is owned by the state.

“Burnham Yard now represents a transformational opportunity to reimagine the future with deep respect for the rich history of the area,” the Walton-Penner ownership group said in a statement.

The announcement comes three months after BusinessDen broke the news that the team had bought $150 million in real estate near Burnham Yard. BusinessDen also first reported in June that the Broncos were eyeing Denver Water’s land to the west of Burnham Yard.

“While this is not something we sought, Denver Water understands the significance of this opportunity for the city of Denver and the economic import

See Full Page