Denver OKs $1B River Mile Phase, Downtown Revives
Kroenke Sports Acquires 62-Acre Development Site for Multi-Billion Dollar Project Kroenke Sports & Entertainment now has full control over Denver's transformative 62-acre River Mile development. This follows a strategic buyout of partner Revesco Properties' stake. Industry analysts view this as one of the most ambitious urban redevelopment projects in Colorado history. The ownership shift gives KSE authority over a massive undertaking. The project includes Elitch Gardens and Meow Wolf's Denver location. It also covers prime real estate around Ball Arena, home to the Denver Nuggets and Colorado Avalanche. KSE and Revesco have been partners since 2015, when they acquired Elitch Gardens. Terms of the transaction are undisclosed, and no public filings are recorded as of recent reports. The $3.1 billion project plans to deliver about 8,000 residential units. It also involves extensive commercial development. Planners expect to create 25,000 jobs and attract 16,450 new reside...