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 franchises - has announced its acquisition of key properties within the ambitious River Mile development district.

The purchase, announced Thursday, expands KSE's already substantial presence in the Denver metropolitan area, where the company currently operates Ball Arena, home to the Denver Nuggets and Colorado Avalanche. This strategic acquisition includes properties housing popular attractions like Meow Wolf Denver and the historic Elitch Gardens.

Impact on Denver's Entertainment Future

This development carries major implications for Denver residents and visitors, potentially transforming how Coloradans experience entertainment in the heart of the city. The River Mile area represents one of downtown Denver's most promising development zones, situated along a prime stretch of the South Platte River.

The acquisition aligns with Denver's broader urban development goals, as the River Mile project has been envisioned as a transformative mixed-use development that could reshape the city's western edge. For local families who frequent Elitch Gardens or Meow Wolf, this change in ownership could signal future enhancements to these beloved attractions.

Growing Colorado Sports Empire

KSE's expansion further cements its position as Colorado's premier sports and entertainment company. The organization already controls:

Ball Arena
The NBA's Denver Nuggets
The NHL's Colorado Avalanche
The Colorado Rapids soccer team
Colorado Mammoth lacrosse team

This latest investment suggests a long-term commitment to Denver's entertainment sector and could potentially create new opportunities for Colorado businesses and job seekers in the sports and entertainment industries.

According to local reports, the deal's specifics, including purchase price and immediate development plans, have not been publicly disclosed. However, the acquisition positions KSE to play a pivotal role in shaping the future of downtown Denver's entertainment district.

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