1stBank Center will be demolished, Broomfield City Council votes to close venue by end of year
City leaders in Broomfield plan to close 1stBank Center by the end of the year. They want to demolish the city-owned 6,500-seat venue by next spring.
1stBank Center is located on 11 acres just off Highway 36. It opened in 2006 and was previously named the Broomfield Events Center. It existed under that name for about 4 years.
The city says maintaining the center costs too much. The Broomfield City Council voted unanimously to terminate its operating agreement with Peak Entertainment Tuesday night.
Council members said the future of the site has not been determined and that development depends on what the market can bear.
The arena needed $5 million worth of maintenance including a new roof and heating system.
Bands like Phish, Bassnectar, Dead & Co., Goose and Soundgarden as well as musicians like Selena Gomez and Billy Strings have performed at the venue over the years.
It has also played host to Colorado high school graduation ceremonies like Monarch High School's last Friday.
RELATED: Broomfield moves to add the 1stBank Center to the scrap heap of Colorado history