DENVER (KDVR) — The rumors are true: the Denver Broncos are getting a new stadium.

After months of possible deals, paperwork and talk of a new stadium, on Tuesday, the Broncos finally announced their official plans for a new stadium at Burnham Yard, a 58-acre area between 4th Avenue and Seminole Street in the Lincoln Park neighborhood.

The current Empower Field at Mile High Stadium opened in 2001 to replace the Broncos’ original Mile High Stadium. The stadium moved less than 50 feet and cost more than $400 million. Now, the new stadium plans to move about a mile further.

While the current Empower Field at Mile High Stadium lease runs through 2031, the team said it is paying for the land and the new stadium and plans on giving Empower Field back to Denver. The city will then develop that land in downtown Denver.

The Broncos just announced their plans, but developing on Burnham Yard has already stirred up some controversy. At the end of July, Historic Denver, a non-profit organization that advocates for historic landmarks, said the Colorado Department of Transportation destroyed several historic properties on the parcel of land.

The non-profit said this was a site where women and people of color were able to work when they couldn’t anywhere else. These buildings included a women’s locker room, the Roundhouse Foreman’s Office, the Steel Car Shop and a testing laboratory.