On Monday night, the Denver City Council approved the redevelopment plan to turn 64 acres of Ball Arena parking lots into a development that could bring thousands of residents downtown. The council voted 11-0.
Kroenke Sports and Entertainment (KSE) plans to build more than 6,000 housing units, 1,000+ of which will be designated as affordable housing.
Construction could begin as soon as 2026, but the development may not be finished until 2050.
Earlier this month, the Denver City Council had approved a measure to lift view plane restrictions for the redevelopment. Then, on Monday night, they unanimously approved the proposal to rezone the area and an agreement that allows KSE to redevelop the area.
"Investment that supports socioeconomic resilience and the overall vibrancy of our city has never been more important," said Kourtny Garrett, partnership president and CEO. "Based on KSE's efforts to achieve the downtown area plan's vision and the terms of the community benefits agreement, we are confident this project will result in transformative, positive growth for downtown that will be felt throughout the region."
In September, KSE promised to ensure the Nuggets and Avalanche stay in Denver until 2050 in exchange for the rezoning and building height limit exemptions.
