The Broncos are one step closer to a new home.

The team released a joint letter on Tuesday — from co-owners Greg Penner and Carrie Walton Penner, Denver Mayor Mike Johnston and Colorado Gov. Jared Polis — naming Burnham Yard as the “preferred site” for construction of the Broncos next stadium.

Burnham Yard is a historic Denver rail yard south of Colfax Avenue and east of Interstate 25.

Below is the team's joint letter:

Broncos Country,

Today marks an important step forward in a shared vision for the Denver Broncos, the city of Denver and the state of Colorado.

Together, we are pleased to announce historic Burnham Yard in the heart of Denver as the preferred site for a world-class retractable roof stadium anchoring a dynamic mixed-use district. Once a vital railyard that played a key

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