The owners of the Nuggets and Avalanche say they've reached tentative deals to keep the teams in Denver thru 2040. Kroenke Sports says the deal needs final approval from the Denver City Council, the NBA and the NHL
“Stan, Josh and the Kroenke family have been working with the city for several years to make this happen. We’re looking forward to a long-standing relationship with KSE, our winning teams and the leagues,” Mayor Michael B. Hancock said. “With both the Avalanche and the Nuggets tearing it up in the play-offs, we’re galvanizing the support of our city and our fans for the teams we love.”
The existing arena agreement with the city was set to expire in 2023. The tentative agreement will ensure these two beloved franchises, and the family that engrained them in our community, will be a part of Denver’s future for decades to come.
“The Kroenke family has established deep roots in Denver,” City Attorney Kristin M. Bronson said. “They’ve been here for decades and I’m pleased to know they want to be here for decades to come.”
“This moment is nearly five years in the making and we are proud not only of our teams’ long-standing and storied histories here in Denver, but also with the incredible relationship we have with this city, its leadership and its fans,“ said Jim Martin, President and Chief Executive Officer for KSE.