How the Ball Arena renovation could keep professional teams in Denver

DENVER — A deal may soon be signed that will keep two of Denver's professional teams in the city for decades to come as part of a real estate development project around the arena where they play.

In exchange for an exemption from building height limits and rezoning for a planned development around Ball Arena south of downtown, Denver-based Kroenke Sports and Entertainment has agreed to allow the teams that play at Ball Arena – the Denver Nuggets basketball team and the Colorado Avalanche hockey team – to stay until June 30, 2050.

Members of Denver's South Platte River Committee voted Tuesday to move forward with several items related to the 64-acre potential redevelopment project, including a recommendation to lift the city's current height and zoning restrictions that would apply to a portion of the property slated for redevelopment.

> The following video aired in 2022: Owner plans to redevelop area around Ball Arena in downtown Denver