Kroenke Family Consolidates Control of Denver's Elitch Gardens, River Mile Project in Major Downtown Shift
In a significant move that could reshape downtown Denver's future, Colorado sports mogul Stan Kroenke and his family have acquired full financial control of Elitch Gardens, Meow Wolf Denver, and crucial South Platte River properties from development partner Revesco Properties.
The acquisition strengthens the Kroenke family's grip on a vital corridor of Denver real estate, including properties surrounding Ball Arena, home to the Denver Nuggets and Colorado Avalanche. This consolidation marks a pivotal moment for the ambitious River Mile development project, which experts project could double downtown Denver's residential population.
"Realizing sole ownership of these properties will allow us to streamline our comprehensive vision for the future development encompassing The River Mile and the adjacent Ball Arena campus," said KSE Owner and Chairman Stan Kroenke.
Impact on Popular Colorado Attractions
For the millions of Colorado families who consider Elitch Gardens a summer tradition, KSE Executive Vice President Mike Neary offered reassurance: both Elitch Gardens and Meow Wolf will continue operating at their current locations - at least for the immediate future.
"A day at Elitch's is a rite of summer for more than a million visitors annually," Neary stated. "We intend to keep it that way and better than ever."
River Mile Vision Takes Shape
The development represents one of the largest urban transformation projects in Colorado history. Revesco Properties, which partnered with Kroenke since 2015, has now sold its entire interest in the project.
Revesco Properties President and CEO Rhys Duggan expressed confidence in the transition: "We believe the blueprint has been set for the future of Central Denver and that both the Park and The River Mile vision are in good hands with Mr. Kroenke and his family."
What This Means for Denver Residents
- Consolidated ownership could accelerate development along the South Platte River
- Potential for thousands of new residential units in downtown Denver
- Short-term preservation of beloved attractions like Elitch Gardens
- Enhanced integration with Ball Arena entertainment district
While KSE Sports and Entertainment has not yet detailed their long-term plans for the amusement park and surrounding properties, this consolidation signals a new chapter in Denver's urban development that could fundamentally transform how Coloradans live, work, and play in the heart of the Mile High City.
This article contains AI-generated content and reflects opinion only. Readers are encouraged to verify all information independently before drawing conclusions or making decisions.
