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Invesco Offers $120 Mil for Stadium Naming Rights

DENVER-Invesco is dangling a $120-million carrot for the right to affix its name to the new Mile High Stadium. Denver's mayor says full disclosure about the name's future, its existing label and debt pay-down must come before final papers are signed.

By John Rebchook | Updated on January 23, 2001

DENVER-Invesco, the large Denver-based family of mutual funds, is offering to pay $120 million over the next 20 years for the naming rights of the under-construction Denver Broncos stadium.

The $405-million stadium in northwest Denver is the largest construction project under way in the state. Invesco’s initial payment would start at $4 million in 2001 and increase 4% each year, with a slight balloon payment in the final year. The payments would be split evenly between the Metropolitan Football Stadium District on behalf of taxpayers and Denver Broncos for its sponsorship and advertising rights, says Tim Romani, executive director of the stadium district.

Romani says this is the only remaining option for selling the naming rights and reducing taxpayers’ burden. The other option is to simply retain the current name, Mile High Stadium.

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