SBD/18/Facilities Venues

CITY LISTS CONDITIONS IN WHICH BRONCOS CAN BREAK THEIR LEASE

          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).

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