Its owner, the New Jersey-based National Hockey League, has the two-rink project on the market for $7.4 million.
The 100,000-sf facility, built on 10 acres in 1997 in the heart of the former Air Force base cost more than $9 million to build and has been appraised at $9.5 million, National Hockey principal John Sabo tells GlobeSt.com. He says his company wants to concentrate on owning and operating skating rinks on the East Coast.
In addition to Kroenke, he says a local Denver developer and an East Coast investor are interested in buying it.
The project currently generates about $500,000 in revenues, but that number likely could be tripled when a restaurant with a liquor license, a health club and a party facility are added in a second phase. The additions would only cost about $175,000, depending on how lavish of a restaurant is built, he tells GlobeSt.com.
Sabo emphasizes he won't sell it to someone who wants to tear it down and build a shopping center on the property.
Don Elliman, president of Kroenke Sports, says that if he buys it, they would likely keep all of the youth hockey leagues and other ice skating activities there, but he hasn't decided whether the Avalanche would train there.
''There is a shortage of ice in Denver,'' Elliman tells Globest.com.
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