ENGLEWOOD, Colo. (AP) 鈥� owner and CEO Greg Penner said he鈥檚 zeroed in on getting shovels in the ground so the team can open its new Denver stadium in 2031 and not in becoming majority owner of Major League Baseball鈥檚 Colorado Rockies.
Penner and his wife, Carrie Walton Penner, earlier this year.
鈥淩ight now, we鈥檙e just focused on being supportive minority partners,” Penner said Tuesday, adding that Rockies chairman & CEO Dick Monfort and owner/general partner Charlie Monfort “are in full control, and we鈥檙e going to do what we can to support them.鈥�
Penner also said the Broncos haven’t decided whether personal seat licenses will be a part of the new football stadium they’re hoping to build at Burnham Yard near downtown Denver.
鈥淩eally, it鈥檚 the furthest thing from our minds right now,” Penner said, noting the site where the team has purchased nearly $200 million in land is “still a 鈥榩referred鈥� site, but it’s not finalized that we’re going to be in that location.
鈥淥bviously, that鈥檚 where we really want to be,鈥� Penner said. “So really, we haven鈥檛 even gotten to PSLs yet. Our season ticket holders are vital to our organization and we鈥檙e going to keep them informed every step of the way once we get there.鈥�
The Broncos this week closed a deal to purchase six parcels owned by a concrete company spanning nearly 10 acres in the northern part of the club鈥檚 planned stadium and surrounding mixed-use district at Burnham Yard. SRM Concrete had been one of the longest-running holdouts in the new stadium site but there remains more deals that need to be made within the community and the city to solidify the site as the team’s future home, replacing Empower Field at Mile High.
The complexities of building the stadium and mixed-use district near downtown make for a challenging timeline.
鈥淚 think everybody involved in the process has the intent to do the right thing, is trying to do the right thing, but it鈥檚 a lot of moving pieces, and it is complex,” he said. “Our focus is squarely on the 2031 opening and trying to get that done but it鈥檚 not going to be easy.鈥�
鈥淵ou don鈥檛 want to start these massive projects without most, or if not all, of your ducks lined up because you鈥檙e going to end up spending a lot more money,鈥� Penner explained. “So we鈥檙e going to do it right and when we start, we鈥檒l do it expeditiously.鈥�
Penner said renderings of the new stadium are still in the works. It’ll have a natural grass field and a retractable roof: 鈥淲e want the skydivers to be able to land,鈥� he said with a laugh.
On the football front, Penner said he hasn’t begun contemplating a long-term extension for quarterback Bo Nix, who’s entering his third NFL season, and he said he gave coach Sean Payton a new five-year deal in alignment with GM George Paton’s new deal because he likes the way they work together.
Penner spoke at the Broncos’ new $175 million headquarters that opened last month. He said he and Carrie Walton Penner gave Dick Monfort a tour of the facility Tuesday.
Penner said becoming a minority investor in the Rockies came about over a series of breakfasts he had with Dick Monfort over the last several years following the Walton Penner group’s purchase of the Broncos.
鈥淚 think they were ready to bring on a partner, and we couldn鈥檛 be more excited about doing something here in the Denver market,鈥� Penner said. “(We) have grown up baseball fans, as well, and as you know, it鈥檚 a terrific fan base, ballpark, and we鈥檙e really pleased to join the ownership group there.鈥�
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