New Denver Summit FC soccer stadium could leave bondholders hurting: ‘Breach of trust’

New Denver Summit FC soccer stadium could leave bondholders hurting: ‘Breach of trust’

Six years ago, developers sold investors on a glitzy vision: One million square feet of office space, a thousand apartments and condos, restaurants, shops — the whole bit. If investors would buy $105 million of bonds in 2019 and 2023, the developers vowed to do what others had failed to do: Transform the former Gates Rubber Co. site in Denver into Broadway Station, a thriving 40 acres of transit-oriented redevelopment. A similar plan in the 2000…

‘Breach of trust’: New soccer stadium could leave bondholders hurting

An aerial photo of the Broadway Station development site on Oct. 24, 2025. The site was once home to Gates Rubber Co. operations. (Courtesy Guerilla Capturing) Six years ago, developers sold investors on a glitzy vision: One million square feet of office space, a thousand apartments and condos, restaurants, shops — the whole bit. If investors would buy $105 million of bonds in 2019 and 2023, the developers vowed to do what others had failed to d…