Stan Kroenke is moving forward with a plan to turn Ball Arena in Denver into an urban retail village similar to the sprawling Hollywood Park in Southern California.
The billionaire’s Kroenke Sports & Entertainment received key zoning approvals by the Denver City Council for the redevelopment of 70 acres of parking around the 21,000-seat arena at 1000 Chopper Circle, southwest of Downtown, the Denver Business Journal reported.
The council approved six items setting zoning guidelines for the unnamed redevelopment project.
The addition to the arena complex–home of the Denver Nuggets and Colorado Avalanche, both owned by Kroenke Sports & Entertainment–could break ground next year.
Plans call for 6,000 homes, 780 hotel rooms, shops and restaurants, a recreation center, a child care facility, new transit stops and a 3-acre park, along with increased connectivity to surrounding neighborhoods.
Kroenke could break ground on the development as early as next year, but it will take up to 30 years for it to be completed, according to the Business Journal.
“Our plan is a pedestrian-focused development, placing priority on open space and people, not cars,” Matt Mahoney, senior vice president for development at Kroenke Sports & Entertainment, told the council.
Kroenke Group, another Stan Kroenke enterprise, is building Hollywood Park on the 300-acre site of the former racetrack of the same name in Inglewood, Calif. It’s the largest mixed-use development under construction in the West.
When complete, it’ll be 3.5 times the size of Disneyland, and include 5 million square feet of offices, a 300-room boutique hotel and 890,000 square feet of shops and restaurants. There’s also the $5 billion, 70,000-seat SoFi Stadium and 6,000-seat YouTube Theater, surrounded by up to 2,500 homes, parks and a lake.
— Dana Bartholomew
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