The Denver Broncos have dreams of building a brand new stadium, but will need a little help to hit their ‘ambitious’ project timeline.Empower Field at Mile High is one of the NFL‘s most iconic venues, thanks to both the altitude of Denver and the atmosphere created by die-hard fans, which make it one of the toughest places for visiting teams to play.The Broncos aim to move into a new $4bn stadium in 2031GettyThe Broncos boasted an 8-1 home record in 2025 to back up that reputation, and beat the Buffalo Bills in the Divisional Round of the playoffs at Mile High, before their season ended in the AFC Championship Game.In that clash against the New England Patriots, Denver battled brutal, snowy conditions without star quarterback Bo Nix.While the 10-7 scoreline didn’t scream classic, it was a throwback game played in real football weather, and that is becoming more and more uncommon as the NFL moves toward building domed stadiums.The Broncos, soon, could follow suit.Denver Broncos call for ‘collaboration’ in stadium projectIn September 2025, the $6.8 billion NFL franchise shared ambitious plans to build a privately funded stadium and mixed use district away from Mile High.Burnham Yard — located just a mile east of Empower Field — was named as the preferred site for the Broncos’ new home, which is set to cost around $4bn and will feature a retractable roof.Announcing the project, team co-owner and CEO Greg Penner said the hope is to turn the abandoned rail-yard into a year-round destination, and open in time for the 2031 NFL season.“It’s our goal to have world-class facilities for this team and for our fans, obviously, with the rich tradition and history at Mile High, and find something that the fans would love as a site that had proximity to that and Denver,” he said six months ago.“We couldn’t be more excited about Burnham Yard as the preferred site to build a new stadium and an incredible year-round destination.”In the months since, the Broncos have worked toward solidifying Burnham Yard as their new home, and Penner provided an update on the project as the NFL kicked off annual meetings Monday.The Broncos have played at Mile High for six decadesGettyThe Burnham Yard site is less than a mile away from their current homeGettyCommunity and partner collaboration will be of utmost importance if the team and Rob Walton, the richest owner in the league with a massive $142bn family worth, are to hit their target of a 2031 opening.“It’s an ambitious timeline that we have, and we won’t be able to accomplish our goals in terms of timing and getting in there by ourselves,” Penner said.“It’s not just something the Broncos are driving. We’ve got to have a lot of support from partners and others that are involved with the site.”Broncos ownership warn ‘ambitions’ stadium target could be pushed backPenner added that the Broncos are moving towards finalizing Burnham Yard as the future stadium location, and that ‘important steps’ have been taken to secure the site. A formal announcement could be made in the coming months.Broncos president Damani Leech, though, warned that the team can’t pull off the project ‘alone’ and that they will need the help of numerous partners.“I think what’s important is everyone understanding that while 2031 seems like a long way away, these construction projects take multiple years,” he said.Penner (L) has warned the Broncos and Walton (R) could face stadium delaysGetty“You have to get prepared with a number of city and community processes that we’re all invested in and engaged in right now.“We can’t do this alone. It’s going to take a lot of key partners at the city level, at the state level, Denver Water — there are real estate transactions that have to be finalized.“So all of those things are important. I think it’s just important everybody understanding the timeline is realistic, but it’s also ambitious.”While the Broncos don’t currently have an agreement in place, the team would extend its lease at Mile High if the new stadium isn’t completed by 2031.The Broncos would lose a weather advantage by building a domed stadiumGettyFor now, Penner is confident that won’t be necessary.“The support has been good, and everybody I think wants to do the right thing,” he said.“But again, there’s a lot of different parties with different interests.“As of now, we’re on track, but again, it’s ambitious to get to the 2031 goal that we have.”Stay up to date with the latest from the NFL across all platforms – follow our dedicated talkSPORT USA Facebook page and subscribe to our talkSPORT USA YouTube channel for all the news, exclusives, interviews and more.