Two branches of the Walton family now control 150 prime acres of downtown Denver...not to mention the city's major sports teams (the Rockies don't count).
and the first sports stadium in the country to be funded with asset-backed securities. Ascent had used the rights to corporate sponsorships, luxury suites and arena naming rights as collateral for the nearly $140 million it would need to build the stadium.
In 2018, the city voted to change that zoning to allow for a massive residential and retail development that KSE and Revesco had planned stretching south from Confluence Park along the South Platte River: the River Mile. The transformation of the Platte where it passes through downtown Denver is just part of the project, but it's a critical one.
The entire Army Corps of Engineers project isn't scheduled to be completed until 2053, but Bert Matya, project manager for the Army Corps' Omaha District overseeing the project, says it is collaborating with the City of Denver to fund some of the work through the, a trial that is testing whether combining private and public funds can help projects be completed more quickly.
Even as the new owners were preparing for the next football season, speculation focused on whether they would want to move the team outside of Denver. That was considered, and dismissed, back in the late ’90s, when then-owner Pat Bowlen warned of what might happen if voters didn't approve extending the stadium tax to pay for a new football stadium to replace the original Mile High.
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