Local news- Press Release
Jefferson County Colorado - Jefferson County receives $1 1 million from Metropolitan Football Stadium District 21 September 2022 ( news )
Jefferson County , state Colorado ( By Press Release office)
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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 .