Colorado will celebrate Walker's career over the course of a three-game home series against the St. Louis Cardinals from April 17-19. Walker finished his career with the Cardinals.
The five-time All-Star, seven-time Gold Glove winner, and three-time Silver Slugger spent 10 years with the Rockies. He hit .366/.452/.720 with 49 homers and 33 steals in 1997 to claim National League MVP honors.
"Larry Walker carried all five tools and was the most instinctive player I have ever seen play the game," Rockies chairman and CEO Dick Monfort said in a statement. "He put together 17 incredible years in the big leagues. No. 33 hanging in our ballpark will be a constant reminder of the vast talent of Larry Walker that we were all so lucky to witness here in Denver."
Walker is currently in his 10th and final year on the Baseball Writers' Association of America Hall of Fame ballot. Walker accrued 54.6% of the vote in his ninth year on the ballot, falling well short of the 75% required for induction into Cooperstown.