Elected officials representing Denver celebrated the Broncos’ announcement Tuesday of a preferred stadium site in the city, emphasizing the team owners’ promise that taxes won’t be raised to build in Burnham Yard.

While the team has committed to a funding framework that doesn’t include new tax dollars, the project may still receive some public investment by tapping into existing property or sales taxes. That’s because the city is considering a type of subsidy called tax-increment financing to aid the former rail yard’s redevelopment.

“I think it’s going to have to be a consideration. That land is not ready for streets and buildings,” said Denver City Councilwoman Jamie Torres, who represents the Burnham Yard area. “It is about: Is it the highest and best use of tax dollars?”

U.S. Sen. J

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