When will the 1stBank Center be torn down?
BROOMFIELD, Colo. (KDVR) — A Broomfield staple appears one step closer to demolition.
The 1stBank Center, around since 2006, is on the block to be torn down.
At Tuesday’s Broomfield City Council meeting, the council targeted September as the month to name a demolition company and the end of 2024 or early 2025 to transition to “demolition mode.”
The 6,500-seat 1stBank Center last hosted AEW Dynamite in September 2023.
1stBank Center underperformed expectations
The council voted unanimously in May to close and demolish the building, which was called Broomfield Event Center when it first opened. It was originally used to host minor league hockey and basketball games, ice shows, concerts and other events.
According to the resolution to close it, the number of annual shows was originally estimated to be around 180 to 190. However, it has never actually hosted anywhere near this many annual events.
In 2009, the original operator terminated its contract and a new operator was brought in. The busiest year since then was 2016, when 33 concerts were held.
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The center was constructed for $45 million in 2006. A $59.8 million bond was originally issued for the construction, but by the time Broomfield pays off the bond, it will have paid approximately $135 million in total.
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