Denver

Denver Sports Giant Expands Downtown Footprint with Major River Mile Acquisition

Ethan Reynolds

12 Jun 2025 — 1 min read

In a significant move that could reshape downtown Denver's entertainment landscape, Kroenke Sports and Entertainment (KSE) - the owner of Ball Arena and several major Colorado sports teams - has announced its acquisition of key properties within the ambitious River Mile development area.

The purchase, confirmed Thursday, expands KSE's already substantial presence in the heart of the Mile High City, where thousands of Colorado families regularly attend Nuggets games, Avalanche matches, and other major events at Ball Arena.

Impact on Local Entertainment District

The acquisition includes properties currently housing popular Denver attractions like Meow Wolf's Convergence Station and Elitch Gardens Theme Park, both significant drivers of tourism and local entertainment in the metro area.

This strategic expansion by KSE signals potential transformative changes for Denver's entertainment district, which could affect:

Access to family entertainment options for Front Range residents
Future development of downtown Denver's riverside area
Local employment opportunities in the entertainment sector
Denver's growing reputation as a major entertainment destination

Future Development Implications

The River Mile area represents one of Denver's most ambitious urban development zones, stretching along the South Platte River. This acquisition by KSE, which already manages several successful Colorado venues, could accelerate the area's transformation into a premier entertainment destination for Colorado families.

For Denver metro residents and businesses, this consolidation under KSE's management could mean more coordinated entertainment offerings and potentially new venues joining the company's portfolio, which includes:

Ball Arena (home to the Denver Nuggets and Colorado Avalanche)
Dick's Sporting Goods Park
The Paramount Theatre

As this development unfolds, it could significantly impact how Colorado families experience entertainment in the downtown area, while potentially creating new opportunities for local businesses and community events in the heart of Denver.

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