Kroenke Family Strengthens Grip on Denver Entertainment Empire, Taking Full Control of Elitch Gardens and River Mile Project
In a major shift for downtown Denver's entertainment and development landscape, Colorado sports mogul Stan Kroenke and his family have acquired complete financial control of Elitch Gardens, Meow Wolf Denver, and crucial South Platte River properties from their former partner Revesco Properties.
The consolidation marks a significant milestone for the ambitious River Mile development project, which aims to transform central Denver's urban core and potentially double the downtown population through extensive riverside development.
Impact on Colorado's Entertainment Scene
For Colorado families who consider Elitch Gardens a summer tradition, KSE Executive Vice President Mike Neary offered reassurance:
"A day at Elitch's is a rite of summer for more than a million visitors annually. We intend to keep it that way and better than ever."
"A day at Elitch's is a rite of summer for more than a million visitors annually. We intend to keep it that way and better than ever."
Both Elitch Gardens and the popular Meow Wolf immersive art experience will continue operations at their current locations, though long-term plans remain unclear as the Kroenke family positions for future development.
Reshaping Downtown Denver's Future
The acquisition strengthens the Kroenke family's already substantial presence in Colorado's entertainment and sports landscape, adding to their ownership of:
- Denver Nuggets (NBA Champions)
- Colorado Avalanche (NHL)
- Ball Arena complex
- Extensive River Mile development rights
Stan Kroenke emphasized the strategic importance of the deal:
"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."
"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."
Transition of Partnership
Revesco Properties, which had partnered with Kroenke since 2015, expressed optimism about the transition. Rhys Duggan, President and CEO of Revesco Properties, stated:
"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."
"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."
For Denver metro residents and businesses, this consolidation signals a new chapter in the area's development, with the Kroenke family taking an even more prominent role in shaping the future of downtown Denver's entertainment and residential landscape.
The move raises both excitement and questions among Colorado families about the long-term future of beloved attractions like Elitch Gardens, even as it promises to accelerate the transformation of the Central Denver riverfront into a more vibrant urban center.
This article contains AI-generated content and reflects opinion only. Readers are encouraged to verify all information independently before drawing conclusions or making decisions.
