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CITY LISTS CONDITIONS IN WHICH BRONCOS CAN BREAK THEIR LEASE
Published December 18, 1997
A preliminary draft of conditions the City of Denver has set for the Broncos calls for the team to commit to playing at a new stadium in Denver for 25 years in order to be released from its Mile High lease, according to Alan Snel of the DENVER POST. The metro football stadium district also would have to buy property at the Denver Sports Complex -- the proposed new stadium site -- from the city, "while the Broncos would be responsible for paying the city for demolishing Denver-owned Mile High." The document serves as the city's "starting point" for negotiating the terms in which the Broncos could break their Mile High lease, which expires in 2018. Although the document addresses "several key topics," Snel writes that one of its "biggest unanswered questions is the amount of money the Broncos will compensate the city to cover Mile High's debt refinancing and parking- area acquisitions from 1985" (DENVER POST, 12/18).