The sale is not yet complete. Broncos ownership has until June 30, 2027, to exercise their option to buy the former railyard for $45.8 million. The deal is expected to close this fall. Ownership reportedly has plans to build a new stadium and an adjacent entertainment district. The state purchased Burnham Yard in 2021 for $50 million and hoped “to use some of the land for transportation-related purposes,” but those plans “fizzled.” Broncos ownership is hoping that the new stadium will be ready for the NFL’s 2031 season.