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The original item was published from 9/21/2022 9:51:58 AM to 9/21/2022 9:53:17 AM.

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Posted on: September 21, 2022

[ARCHIVED] Jefferson County receives $1.1 million from Metropolitan Football Stadium District

County Commissioners receive a check from the Metro Football Stadium District

Representatives from the Metropolitan Football Stadium District (MFSD) on Tuesday presented a check for $1.1 million to the Jefferson County Board of Commissioners. 

The funds stem from the recent sale of the Denver Broncos franchise and Jefferson County’s membership in the MFSD, a tax district comprised of several jurisdictions throughout the Denver metro area that funded the construction of the Broncos’ new stadium in 2001. As a member of the district, unincorporated Jefferson County had a sales tax of one-tenth of one percent from 2001 through 2011. 

MFSD members are entitled to one-time payments pending the sale of the Denver Broncos franchise. The MFSD Act and stadium lease agreement stipulate that the payment is used for “Youth Activity Programs.”

“We’re thrilled to accept these one-time funds, and we anticipate this money having a great impact on our ability to provide meaningful youth activities and support for the Jefferson County community,” Commissioner Andy Kerr said. “We’ll have discussions with our stakeholders to determine the best use of these funds in Jefferson County.”

In June the Broncos were sold for $4.6 billion. The MFSD Board determined the sharing amount of the sale was $41 million, to be distributed to members of the district proportionate to the amount of sales tax paid.

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