Broncos Sale Brings Money Back to Denver Youths
The $4.65 billion sale of the Denver Broncos results in $41 million being refunded to cities and counties that help pay for the stadium.
Children in Denver and six other metropolitan area counties could soon benefit from billionaire Rob Walton’s purchase of the Denver Broncos.
The Metropolitan Football Stadium District, the division of state government responsible for building and protecting taxpayers’ investment in the Broncos’ public realm, will soon distribute more than $41 million of the $4.65 billion that Walton and its ownership group have paid for the team, Matt Sugar, the district’s stadium business manager, confirmed Thursday.
The origins of this multimillion-dollar tax windfall date back to 1998. That’s when 57% of voters in what was then the six-nation Denver metro...