Broomfield Urban Transit Village Redevelopment

Page last updated Jan. 8, 2026

Redevelopment

A future private developer-led investment and reuse of this property is anticipated to include multi-story buildings with a mix of uses: office/work space, retail and restaurants, entertainment, recreation and residential. This site is a rare opportunity to bring a next-generation mixed-use, dense development on a vacant, utility served parcel – with Denver metro area corporate and customer exposure.

The property is owned by the Broomfield Urban Renewal Authority, and has been returned to a pre-development condition (which does include infrastructure and utilities to or adjacent to the property.

RFP Solicitation

In 2025, a Request for Proposals (RFP) for developers to submit a response for the development of the Broomfield Urban Transit Village property, the former site of the Broomfield Event Center. No responses were received to the RFP solicitation and the solicitation has now been closed.

Several developers indicated that they were considering making a proposal but market and investment considerations resulted in their decision not to proceed at this time.

City and County of Broomfield staff is working on a strategy for an approach for a future mixed-use development for the site and will provide an update to City Council as the strategy is developed. 

Background

The Event Center will go dark on Nov. 30, 2023, with the unanimous vote of the Broomfield Urban Renewal Authority (BURA) Board of Directors on May 23, 2023, to terminate the operator agreement with Peak Entertainment. Learn more about the operator agreement termination on the fact sheet.

The Broomfield Event Center, at one point the 1STBANK Center, owned by the BURA, opened in Nov. 2006 as a multi-purpose entertainment and sports arena. Broomfield Sports and Entertainment, LLC was the original operating manager of the Event Center from 2006-2009. Peak Entertainment, LLC has served as the facility’s operating manager from 2009-2023.

EventCenter_Operator Agreement Termination_Number of Concerts per Year GraphWhile the Event Center has hosted minor league hockey and basketball, ice shows, concerts and other community events, it continues to suffer from underutilization. It has never approached the estimated annual events for which it was constructed.

The original construction cost was financed by the issuance of $59.8M in bonds to be generated from within the Wadsworth Interchange Urban Renewal Area, but only since 2020 has the Wadsworth Interchange URA generated the necessary revenue to cover the Event Center bond payment. BURA has an outstanding balance on the Event Center bond of $34.2 million in principal, and by the time BURA pays off the bond, BURA will have paid approximately $135 million.

Prior to the demolition of the facility, the City and County of Broomfield investigated additional uses for the facility, including hosting collegiate and minor league sports, converting it into a convention or exhibition center or using it as a retail or restaurant hall with indoor play space. None of the financial models associated with those options proved viable.

The building was demolished in late 2024/early 2025 to allow for future redevelopment.

Contact

City and County of Broomfield

Katie Allen
kallen@broomfield.org

Colorado Cleanup Corporation

Larry Larson
larry@coloradocleanup.com

Matrix Design Group

Tom Berger
720-971-1708