First Amendment to the Amended and Restated Denver Arena Agreement – Extending Kroenke Arena Commitments
- When: 2024/10/21
- Address: 1000 Chopper Circle, Denver, CO
- City: Denver
- State: Colorado
- Category: Project Amendments
- Subcategory: Development Plan Amendment
- Size (AC): 55 AC
- Previous Zoning: CPV-T and CPV-C
- Previous Zoning Description: Central Platte Valley – Transition and Central Platte Valley – Commercial: Mixed-use zoning designations tailored to major development areas with flexibility for commercial, civic, entertainment, and residential uses.
This decision involves the approval of the First Amendment to the Amended and Restated Denver Arena Agreement. The amendment extends the commitment of Kroenke Arena Company, the Denver Nuggets, and the Colorado Avalanche to continue using the Ball Arena until June 30, 2050. The amendment also allows the teams to perform their commitments at a comparable facility on the same property or River Mile Property if necessary. The amendment is contingent on the approval of the Ball Arena Development Agreement and River Mile Development Agreement amendments, and it replaces all mentions of Pepsi Center with Ball Arena. It also requires various administrative updates such as the restated guaranty from the teams and updated filings in Colorado, Missouri, and Delaware.
Why it Matters
The extension ensures that both the Denver Nuggets and the Colorado Avalanche remain committed to the Ball Arena for an additional 20 years, providing stability for the area’s economy and ongoing community engagement through sports and events.
