Broncos’ buying spree near potential Burnham Yard stadium site includes DHA land — with housing-related strings attached

A business entity associated with the Broncos paid million to buy a vacant lot from the Denver Housing Authority in new months near a site under consideration for a new stadium and the sale agreement included exceptional stipulations in line with the DHA s mission The new owner will have to build housing units on the site or nearby according to the sale agreement for the property at th Avenue and Osage Street which was obtained by The Denver Post It will have to place affordable housing restrictions on at last half of them and the agreement sets deadlines to find a location and finish a project or else the DHA could buy back the land The site is just south of the light-rail station there and just across railroad tracks from Burnham Yard the -acre state-owned former railyard that s among the metro Denver options under consideration if association owners decide to leave their current stadium The purchase adds to a growing list of connections between the Broncos and Burnham Yard as their lease at Empower Field at Mile High nears expiration in early The Post has shared that Broncos-connected entities have paid more than million to snap up a series of other properties near the yard since August And unit representatives have been in talks with city and state leaders as well as Denver Water whose large headquarters campus is near Burnham Yard about the feasible site in specific cases for more than a year River Oak a limited liability company purchased the -square-foot lot from the housing authority according to details of the sale agreement that was dated March The sale closed in the following weeks That LLC is affiliated with the Broncos according to reporting this week from BusinessDen A Broncos spokesperson declined to confirm to The Post whether the unit was involved in the transaction Attempts to reach Stephanie Schiemann a DHA spokesperson on Tuesday were not profitable The purchase agreement which The Post obtained through a citizens records request includes several requirements negotiated between the buyer and the DHA By late it requires River Oak to find a site within a -mile radius of that property at Osage Street to build the mandated housing units At least half of them must be income-restricted for a minimum of years creating housing exclusively for households that earn to of Denver s area median income The vast majority of those units are required to have two or more bedrooms River Oak then will have more than three additional years to finish building the apartment project The agreement came after hundreds of pages of negotiation emails between the housing authority and Lea Ann Fowler according to BusinessDen The Post has broadcasted that Fowler a Hogan Lovells lawyer has handled several other contemporary transactions involving Broncos-connected entities in the area How does La Alma Lincoln Park neighborhood feel about possible Broncos stadium in its backyard This file is auto-generated function d l use strict l querySelector d addEventListener undefined typeof URL d wp d wp d wp receiveEmbedMessage d wp receiveEmbedMessage function e var t e records if t t secret t message t value a-zA-Z - test t secret for var s r n a l querySelectorAll 'iframe data-secret ' t secret ' ' o l querySelectorAll 'blockquote data-secret ' t secret ' ' c new RegExp https i i i