The home of the Rapids will host the July 29 match which will take place against a top international club that is still to be confirmed.
The MLS All-Stars will be coached by Rapids boss Pablo Mastroeni who played in the 2007 edition when it was last held in Denver.
Upon making the announcement, Garber admitted that Kroenke Sports and Entertainment - the ownership group of the Rapids - clearly had the best bid to host the MLS showcase.
"KSE, the Rapids worked with Visit Denver and they put together a great bid," said Garber at a press conference announcing the event.
"Most importantly we want to know that we have the support of our club and the community in ways that will ensure that not just the game, but so many events that will take place here downtown and out in Commerce City will make this not just a game, but a broad event.
"This is a big sports town and an important market as we're trying to grow the game in our country, to give the Rapids the support they need, to say a thank you to their burgeoning supporters movement, and put another great event into Dick's Sporting Goods Park.
"It was a pretty easy decision once the bid was right."
In 2014, the MLS All-Stars took on German champions Bayern Munich and produced a 2-1 victory at Portland's Providence Park thanks to goals from Bradley Wright-Phillips and Landon Donovan after Robert Lewandowski had netted early for the visitors.
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