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Broncos connected to real estate purchases around Burnham Yard, potential stadium site

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Broncos connected to real estate purchases around Burnham Yard, potential stadium site


A series of limited liability corporations have purchased at least 13 parcels of land around a potential future Broncos stadium site in Denver since last summer and paid more than $150 million combined to do so.

The transactions, first reported by BusinessDen and later confirmed by The Denver Post, started in August 2024 and have continued through this spring. The plots surround the Burham Yard railyard, a state-owned, 58-acre property in Lincoln Park that is for sale and has many of the hallmarks of a potential stadium site.

The $tadium Game: Inside the lucrative world of Colorado’s pro sports stadiums

At least nine of the LLCs that purchased the properties were created in 2023, and none of the sales were connected to a loan, a review of public documents revealed.

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Citing an unnamed source familiar with the real estate deals, BusinessDen reported that at least 10 of the LLCs have ties to the Broncos’ Walton-Penner Family Ownership Group. The Post has not independently verified that connection.

The Broncos declined to comment on specific real estate transactions around Burnham Yard or elsewhere.

“As we’ve previously shared, we are involved in a comprehensive process regarding the future of our stadium,” a Broncos spokesman told The Post. “No determinations have been made as we continue to evaluate several options in and around the Denver metro area.”

Real estate records reveal that these LLCs are not just random corporations with no connective tissue.

The Post found that in at least nine of the transactions — including six plots that sold for a combined $22 million all within two blocks directly north of Burnham Yard — the sale was handled on the buyer’s side by Lea Ann Fowler, a real estate attorney at Hogan Lovells. Fowler previously worked with Broncos general counsel Tim Aragon at the same firm, where he was the managing partner of its Denver office before leaving in 2022 to work for the Walton-Penner Family Ownership Group.

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Each of those six purchases was made between August 2024 and January using a variety of LLCs, including Villard LLC, Compass Peak Holdings LLC, Summitt 55 Company LLC and 1396 Canyon Lane LLC.

Just south of the rail yard, Tim Armitage sold his property at 657 North Osage St. in October.

The price — $2.7 million — felt like an above-market deal for the 9,361 square-foot warehouse he owned for five years.

As for the buyer? He has no idea.

“Never met them; never knew a thing about it,” Armitage told The Post on Wednesday. “I didn’t care; it didn’t matter to me. They had the money and I was selling it.”

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Another property owner reached by The Denver Post said they couldn’t comment because language included in the contract prohibits talking about the sale.

All of these smaller parcels are set around the 58-acre Burnham Yard, which the Colorado Department of Transportation owns and is currently in the process of selling. It says it intends to do so by next spring.

“The (CTIO) is still conducting due diligence on the most beneficial uses and site preparation to eventually sell the property,” CDOT communications director and special adviser to the executive director Matt Inzeo told The Post on Wednesday.

Burnham Yard is considered a possible site for a new Broncos stadium should they ultimately decide to move from Empower Field at Mile High.

“In terms of the vein of keeping it in urban Denver or close to downtown … I would put a bet that’s where it happens,” Chris Phenecie, a senior vice president at the commercial real estate firm CBRE, told The Post recently.

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Several consultants agreed last year that Burnham Yard fits the bill for the type of parcel that works for a professional sports stadium, with one exception.

The yard itself is too small.

For a stadium and an adjacent entertainment district of some kind, anybody wanting to build a stadium there would need to acquire additional land surrounding it.

That can be an expensive proposition, but even working through purchasing multiple plots from various buyers over a long period of time can be worthwhile.

“When you’re talking about a $2 billion venue, land cost does become a drop in the bucket unless you’re really acquiring a prime site,” Erin Talkington, the managing director of RCLCO, a real estate advisory firm whose work includes consulting for sports ownership groups and municipalities on major development projects, told The Post in 2024. “It is one of the reasons why you often see new venues go to areas that have always been somewhat underutilized or in need of reinvestment.”

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Recent sales made near Burnham Yard late last year and early this year were averaging close to $300 per square foot of built space. By contrast, the list prices per square foot for four industrial properties in other parts of central Denver that are being marketed averaged closer to $155 a square foot, or about half. That comparison doesn’t account for differences in the amount of land involved in each deal.

Two of the biggest parcels are Denver Water’s 36-acre campus to the west and SRM Concrete, which is wedged between Denver Water and the yard on the north end. Denver Water and Burnham Yard extend south to and beyond the 8th Avenue bridge.

While those plots have not sold recently, several others in the area have. The total purchase price for 13 recent sales around Burnham, according to public records reviewed by The Post and BusinessDen reporting: Nearly $153 million.

The Burnham Yard site, a 58-acre plot of land located between 6th and 13th Avenues and bounded by Seminole Road and Osage Street, is seen in Denver on June 7, 2025. (Photo by RJ Sangosti/The Denver Post)

Acquiring land like this can serve multiple purposes for a professional sports franchise. It can set a club up to build and develop or it can be used to serve as leverage while negotiating with a municipality.

Once a site is finalized, ownership groups are interested in using a stadium as an anchor to any number of kinds of entertainment districts. Such projects are in various states of progress up and down the Interstate 25 corridor from Burnham Yard, with Kroenke Sports and Entertainment set to develop around Ball Arena and the new NWSL franchise coming to Denver setting out to develop Santa Fe Yards to the south.

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“Most of the deals that we’ve worked on, incoming owners, their primary question is around venue and the potential upside around the surrounding area,” Edwin Draughan, a director and partner at Park Lane, a sports-focused investment bank, told The Post in 2024. “… There’s only so much additional revenue you can get from the team. But there’s a layer of influence and there’s also a level of just real estate ownership.”

The Broncos’ current lease with the Metropolitan Football Stadium District runs through the 2030 season, though the club has the ability to extend it for five years if needed. Still, the 2030 date does put the team in a position where it has some time and flexibility.

Stadium projects around the NFL tend to take about four years between the time they’re first announced and when the stadium is built and ready for use. That same timeline would put the Broncos within about a year of needing to have a project site approved and announced if they do indeed decide to build new.

Team president Damani Leech said earlier this spring that the club had “a healthy amount of pressure” to move forward in their decision-making process.

“We are not holding ourselves to that to say we absolutely have to have something by that year,” he said. “The components of what happens, though, are real and important. Stadiums typically take about 48 months to build from a construction standpoint. You think about what has to happen from a permitting standpoint and all those things. We’re starting to build out those calendars to get a better understanding of, once you do decide what to do, how long it’s going to take.”

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Flyers forward Denver Barkey called up as NHL rosters head toward holiday freeze

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Flyers forward Denver Barkey called up as NHL rosters head toward holiday freeze


NEW YORK — The NHL hits a roster freeze at 11:59 p.m. on Friday, so with defenseman Egor Zamula clearing waivers and being assigned to the American Hockey League, it left a roster spot open.

Forward Denver Barkey has been called up.

Drafted by the Flyers in the third round of the 2023 NHL draft, Barkey turned pro this season and has been impressive while skating primarily on the wing for Lehigh Valley of the AHL. The 20-year-old has 16 points (seven goals, nine assists) in 26 games for the Phantoms, primarily playing on the wing with center Lane Pederson and winger Alex Bump.

“I think right from the start, he’s played very well,” Flyers assistant general manager Brent Flahr recently told The Inquirer. “On the production side, he makes plays, he works, and the details are great. Such a smart player. He’s got to get stronger and build up his body to handle the grind and but so far, so good.

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“Down there, he’s been arguably our best forward a lot of nights, and coaches love them plays, plays a lot. He’s certainly going in the right direction.”

» READ MORE: Flyers Q&A: Brent Flahr dishes on prospects Porter Martone, Jett Luchanko, and more

Well, the direction now is east to New York City ahead of the Flyers’ matchup with the New York Rangers on Saturday afternoon (12:30 p.m., NBCSP). The kid from Ontario is in line to make his debut at the World’s Most Famous Arena.

“I call him like a little mini [Travis Konecny],” Flyers director of player development Riley Armstrong said of Barkey over the summer. “He’s all over the puck. He’s grimy when he doesn’t have the puck. He’s always working to get the puck back.

“He’s really good with his stick picking pockets, transitioning, and his eyes are up; I don’t think a little guy like that skating around, his head down, is going to last very long in the game.

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“But when you watch him go into corners, and he’s not afraid of that, he’s quick to get in, he’s quick to get out.”

Some have questioned Barkey’s size at 5-foot-10, 173 pounds, but no one questions his grit, moxie, will, and determination. Last season, he notched 25 goals and 82 points in 50 regular-season games before adding another nine goals and 20 points in 11 postseason games for London of the Ontario Hockey League.

On June 1, he captained the Knights to the Memorial Cup championship despite suffering a high-ankle sprain in the OHL Final. In the finale of the Memorial Cup, against the projected No. 1 for this June’s draft, Gavin McKenna, and Medicine Hat of the Western Hockey League, Barkey drove play and scored a pair of goals.

A month later, he was at the Flyers development camp but did not participate. He did, however, try.

“[Barkey] always comes to me every morning, ‘Hey, do you think you can get me out on the ice?’ No, no, you’re done,” Armstrong said with a chuckle in early July.

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The rest helped. He was again impressive at the Flyers’ rookie camp and in a game against their Rangers counterparts in early September in Allentown.

Barkey opened eyes with his speed, hockey IQ, puck possession and patience, and high-end passing ability. Looking completely healed from his high-ankle sprain, the forward used his quickness, leverage, and ability to win pucks to beat the defense at every turn and notched a goal.

It appears that his summer of eating Italian giant subs — Mike’s way, minus the onions — at Jersey Mike’s with his buddy, and former London teammate, Oliver Bonk, to add weight paid off. Phantoms coach John Snowden called him “a heck of a hockey player” in September.

“Continue to get bigger, stronger,” Barkey said of his summer plans at development camp. “It’s a big jump next year. I’m going to be playing against older men and strong guys. So, continuing to get stronger, faster, and I think the biggest thing is just using my brain and then finding a way to adjust. It’s a different game in pro.”

And Barkey has adjusted well to the pro ranks, skating on the wing of the Phantoms’ top line, which drives play and is relied on for offensive swings. His fellow winger, Bump, was actually the one many thought would be called up.

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The kid from Minnesota, who led Western Michigan to the NCAA championship in April, was pegged by everyone, including The Inquirer, to break camp with the Flyers; however, he was sent down after a poor main training camp. After a slow start in Lehigh Valley, he now has 20 points (seven goals, 13 assists) in 26 games in Allentown.



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Bo Nix’s footwork is “a lot better” as he plays under center more. Coincidence?

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Bo Nix’s footwork is “a lot better” as he plays under center more. Coincidence?


On the first of Bo Nix’s four touchdown passes against Green Bay, he did what he does more frequently than any quarterback in football.

Nix escaped from the pocket and took off running. He moved up and to the left before hitting Michael Bandy for a 20-yard catch-and-scamper.

The next three touchdowns, though, are where the Broncos offense can dream about a deep postseason run or even more.

Nix, operating from the gun, delivered strikes of all shapes and sizes and did so with clean footwork in the pocket.

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He identified coverage, took a short, one-step drop and fired a perfectly placed low ball to Lil’Jordan Humphrey. Then a three-step drop to get the ball up and down with beautiful pace and timing to Courtland Sutton one-on-one up the right sideline.

Nix polished off the fourth touchdown when he five-step dropped, hitched up in the pocket twice and uncorked a rocket up the seam for Troy Franklin on a motion and route concept the Broncos have made hay on most of the year.

The Packers game represented a breakout as Nix completed 23 of 34 passes for 302 yards and the four touchdowns, but his game’s been heating up more broadly over the past month.

He had an efficient day in a much different style against Las Vegas, completing 31 of 38 passes and engineering three battering-ram touchdown drives. He threw for 616 yards in the two weeks before that in wins over Washington and Kansas City.

In those four games, Nix has completed 69.5% of his passes for 282.5 yards per game and thrown five touchdowns and an interception. Before that stretch, he completed 60.9% and averaged 212 yards per game.

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What’s changed? Start from the ground up.

“I think his footwork has got a lot better,” offensive coordinator Joe Lombardi said Thursday. “And the way he handles himself in the pocket, trusting the protection. We’ve talked about it all year and the last four games he’s done a really good job of that.

“He’s moving when he needs to and he’s hanging in there when he needs to.”

Head coach Sean Payton earlier this season said the quarterbacks get some specific footwork drilling done during a normal game week but not a ton. They’ll work a particular concept or drop between periods, but for the most part, the work is plan-specific.

Nix, though, has been working on his own pocket presence in his own ways in recent weeks.

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“I think he’s probably one of the best … at learning from mistakes, and looking in the mirror and seeing what his weaknesses are,” tight end Evan Engram told The Post.

“He’s sitting in there, he’s trusting the protection, he’s letting it rip. And that’s something that he saw. And he worked on. And like – I can’t say how hard that is. I’ve never done it in my life. You’ve got freakin’ monsters rushing you, every play. And credit to the O-line, too.

The staff also appears to be doing a better job of helping get Nix into good rhythm. Part of that is by playing more frequently from under center. The touchdowns outlined above came out of shotgun, but one commonly held belief is that playing from under center helps keep footwork clean because a quarterback is forced to do it coming back from the center.



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Nikola Jokic passes Kareem Abdul-Jabbar for most assists by center in NBA history as Nuggets beat Magic

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Nikola Jokic passes Kareem Abdul-Jabbar for most assists by center in NBA history as Nuggets beat Magic


For his latest trick, Nikola Jokic dribbled into oncoming traffic and escaped unscathed.

Sometimes after he reels in a defensive rebound, the Nuggets center prefers to launch an aerial attack with one of his long outlet passes. This time, he brought the ball with him up on his usual route up the middle of the floor. Magic center Wendell Carter Jr. trailed him by a step. Up ahead, Tyus Jones veered into his lane from the left, sensing an opportunity to pick the pocket of a lumbering big man.

But Jokic is nimble. Before Jones could cut across his front side, he anticipated the attempted swipe and transferred his dribbling hand with a behind-the-back move that shouldn’t have looked so graceful. Jones whiffed. Carter caught up, but Jokic decelerated to allow him to pass. Then the newly minted best passing center of all time went behind the back again — this time, a dime to Jamal Murray, who finished the play with a lefty floater.

Denver’s stars were just showing off at that point in the third quarter of a 126-115 win over the Magic that wasn’t always so smooth-sailing.

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DENVER , CO – DECEMBER 18: Nikola Jokic (15) of the Denver Nuggets passes behind his back as Tyus Jones (2) of the Orlando Magic watches during the third quarter at Ball Arena in Denver, Colorado on Thursday, December 18, 2025. (Photo by AAron Ontiveroz/The Denver Post)

It was a monumental night. At 30 years old and 302 days, Jokic passed Kareem Abdul-Jabbar on Thursday for the most assists by a center in NBA history. Coming into the game, all he needed was six to match Abdul-Jabbar’s career total of 5,660. He finished the evening with 13, highlighting a 23-point, 11-rebound triple-double.

“For those of us that love the history of the game, that one should be wrote about and talked about, and that should be a national story,” Nuggets coach David Adelman said. “Because that’s passing a guy that you could argue — if you just want to go by generations and not, ‘Who’s the best player of all time?’ and all the talk-talk stuff — Kareem is in the conversation. Look at his MVPs. Look at the winning. And our guy tonight from Denver just passed him in a category.”

“This is a time that I can be able to look back and appreciate all the years I’ve had to play this game with him,” Murray said. “It’s special. Passing Kareem in anything is pretty cool. So I think it just speaks to his greatness and how unselfish he is.”

Jokic has also passed other Hall of Famers including Michael Jordan and Allen Iverson on the all-time list this season, now ranking 50th overall in career assists. Next up for him to catch is another legendary passer, Larry Bird. Jokic is 28 away from tying him.

“I always say the assist makes two people happy (instead of one). My coach ‘Deki,’ he always said that,” Jokic said Thursday, paying homage to the late Golden State Warriors and Mega Basket coach Dejan Milojevic.

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“Maybe it’s not a splashy pass or whatever,” the three-time MVP continued, “but I think when you make the right play, you’re going to feel good about yourself.”

Adelman was especially adamant about the historical significance of the occasion. He gave Jokic the game ball in Denver’s locker room after the win.

“It’s such a cool thing, because it’s Kareem, who was passed by LeBron (James) as the all-time leading scorer, which puts in perspective who Nikola passed,” Adelman said. “So it’s a celebration of both people. It’s somebody that completely changed the game. The sky hook. The longevity. … I feel like in the modern era, we talk about Tom Brady and all these people. But go look at Kareem. The guy changed his name while he played. The guy plays 20-plus years and, until the very end, was impactful on teams that went to the Finals. So for Nikola to pass him, I think, says a lot. And if we’re going to celebrate what LeBron did, (we should celebrate this also). And I know it’s a different kind of thing because it’s a center, it’s a position. I’ll just keep saying it. Just don’t get tired of this, because it’s unique.”

Jokic is also closing in on Oscar Robertson for second all-time in triple-doubles. Thursday was his 177th, bringing him within four of the iconic guard. He became the first center in league history to average a triple-double last season, and he’s on pace to do so again this year with 29.8 points, 12.4 rebounds and 10.8 assists per game.

Orlando called a timeout after Jokic and Murray combined for that saucy transition bucket in the third quarter. As they sauntered to the huddle, Nuggets assistant coaches Ognjen Stojakovic and JJ Barea could only laugh at the duo’s skill and panache.

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DENVER , CO - DECEMBER 18: Assistant coach Ognjen Stojakovic laughs as the Orlando Magic take a timeout during the fourth quarter of the Nuggets' 126-115 win at Ball Arena in Denver, Colorado on Thursday, December 18, 2025. (Photo by AAron Ontiveroz/The Denver Post)
DENVER , CO – DECEMBER 18: Assistant coach Ognjen Stojakovic laughs as the Orlando Magic take a timeout during the fourth quarter of the Nuggets’ 126-115 win at Ball Arena in Denver, Colorado on Thursday, December 18, 2025. (Photo by AAron Ontiveroz/The Denver Post)

“That’s how kind of we made our staple in that second unit growing up, was just the give-and-go,” Murray said of Jokic’s passing. “… A lot of give-and-go, and you could see his court vision and his fluidity.”

The Nuggets did most of their work Thursday during an astonishing second quarter. They flipped a 47-33 deficit with a 35-7 run that only took the last 6:26 of the first half. Murray scored 20 of his 32 points in the frame. Reserve point guard Jalen Pickett ignited the comeback and was a plus-26 in eight minutes of playing time that quarter.

Both teams were short-handed at Ball Arena. Orlando was fending without Franz Wagner and Jalen Suggs. Denver was down three of its best defenders with Peyton Watson (right trunk contusion) ruled out shortly before tip, joining Christian Braun and Aaron Gordon on the shelf.

In Watson’s place, Bruce Brown started his first game as a Denver Nugget since April 9, 2023. David Adelman used 10 of his 11 available players, including Julian Strawther, who was cleared to play earlier this week after missing a month with a back injury.



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