Denver Mayor Mike Johnston said that the Denver Nuggets and Colorado Avalanche will stay at Ball Arena for the next 26 years, until 2050.

City Council on Monday cleared the way for Denver Nuggets and Colorado Avalanche owner Stan Kroenke to build new skyscrapers on the expanse of parking lots around Ball Arena where those teams play. The council also ensured those teams will stay on Kroenke-owned land in central Denver for another quarter century.

Downtown Denver's skyline will look different thanks to a new project that Denver City Council voted to approve on Monday.

Council members will vote on rezoning the area around the arena where the Nuggets and Avalanche play. If approved, 1,000 housing units would be built on the existing parking lots.

The area around Ball Arena is about to undergo a major makeover, but not everyone is thrilled. Why it matters: The 64-acre game-changing development, backed by arena owner Kroenke

The Denver City Council on Monday gave its approval of several facets regarding the proposed redevelopment of the area around Ball Arena.

The project will redevelop over 55 acres of land surrounding Ball Arena, with plans to transform the area with high-rise housing, retail spaces, parks and open spaces and other downtown staples.