In a transformative move for the city of Denver and the future of its professional sports landscape, Kroenke Sports & Entertainment (KSE) has officially acquired full ownership of the River Mile site from Revesco Properties. The acquisition paves the way for one of the most ambitious urban redevelopment projects in Denver’s history — and could signal major long-term benefits for the Denver Nuggets and other KSE-owned franchises.
The River Mile project, located along the South Platte River corridor, has long been viewed as a prime target for redevelopment. Spanning more than 60 acres in the heart of downtown, the site is expected to be transformed into a dynamic mixed-use district featuring housing, retail, office space, and potentially new sports and entertainment facilities.
By gaining complete control of the property, KSE — which owns the Denver Nuggets, Colorado Avalanche, Colorado Rapids, and other properties — is now positioned to lead the project with a singular vision that could reshape both the city skyline and the future home base of its teams.
“This acquisition is not just a real estate transaction — it’s a statement of intent,” said a KSE spokesperson. “We’re investing in the future of Denver, the growth of our franchises, and in creating a world-class destination for residents, fans, and visitors alike.”
While no formal announcements have been made regarding the relocation or development of a new arena, speculation has already begun about the potential for a state-of-the-art facility to eventually replace Ball Arena, which opened in 1999. Such a move would mirror recent trends in other major markets where teams are integrating sports venues into broader lifestyle and entertainment districts.
City leaders and urban planners have welcomed the news, noting the River Mile’s potential to bring new life to a long-underutilized stretch of the riverfront. The project is expected to include significant infrastructure upgrades, green space, and environmental improvements, making it one of the most comprehensive redevelopment plans Denver has ever seen.
For the Denver Nuggets, who are fresh off multiple deep playoff runs in recent years, the acquisition could signal a commitment to not only maintaining a championship-caliber team but also giving them a home that matches their ambitions.
“This could be the next evolution for the Nuggets as a franchise,” said an NBA insider. “You’re talking about building a sports empire in the middle of a revitalized downtown. It’s big-time.”
With the groundwork now laid, more details are expected in the coming months as planning and development stages begin. What’s clear for now: Kroenke Sports & Entertainment’s bold move has the potential to reshape the city—and the legacy of Denver sports—for decades to come.
