ENGLEWOOD, Colo. — Owners Greg Penner and Carrie Walton Penner have often expressed their goal of the Broncos being the best team to play for, work for and cheer for.

And in the eyes of quarterback Bo Nix, that vision and that standard was on display with the announcement of Burnham Yard as the preferred site for a new privately funded retractable roof stadium and mixed-use district.

"It's exciting," Nix said. "Our ownership has a big vision for what this organization is going to be. I think everyone else is just going to follow their lead."

Nix, who would be entering Year 8 of his career for the targeted 2031 opening, said the players in the locker room are excited about the announcement and what is to come.

"It's a big step for our team, [a] big step for our organization," Nix said. "I know there's a lot of work to be put into it, but it's exciting."

Head Coach Sean Payton emphasized that the Walton-Penner Family Ownership Group is "extremely good with a vision" and pointed to the new Broncos Park Powered by CommonSpirit as an example.

"Collectively … our goal is to be here to participate in that new vision," Payton said. "I think it's great for the city."

Payton also detailed the value in a retractable roof stadium, which will give the Broncos the potential to host Super Bowls and other high-profile events. He indicated during the season, the Broncos could continue to play games in the elements.

"There's a sterileness sometimes if you choose to go with the roof," Payton said. "There's an advantage for the home team [with the roof open]. Natural grass, it's healthier for the players. We wouldn't want to confuse a closed roof with changing how the altitude affects you. … I just think the elements are important, and I know from speaking with Greg and Carrie and their vision and plan, [it's about] just having that flexibility to control it to some degree. … Look, it's forward-thinking."

All-Pro cornerback Pat Surtain II — who would be entering Year 11 in 2031 — said the announcement is a reflection of the Walton-Penner Family Ownership Group's commitment to the franchise. He noted their willingness to pursue new ideas, as well as their emphasis on prioritizing what the players need to be successful.

"It's a testament to our ownership group, always [pushing for] new levels, new heights," Surtain said. "… I think starting that [stadium process] up … is huge for the team and the organization.

"They're a top-of-the-line ownership group."