{"id":384424,"date":"2026-01-02T23:05:11","date_gmt":"2026-01-02T23:05:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/384424\/"},"modified":"2026-01-02T23:05:11","modified_gmt":"2026-01-02T23:05:11","slug":"kraft-strikes-138m-in-deals-with-boston-everett-for-new-soccer-stadium","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/384424\/","title":{"rendered":"Kraft Strikes $138M In Deals With Boston, Everett For New Soccer Stadium"},"content":{"rendered":"

The Kraft Group<\/a>\u00a0has struck deals with local government officials to give Boston’s 30-year-old soccer team, the New England Revolution, the first home of its own.\u00a0<\/p>\n

Under the agreements, the city of Boston would receive approximately\u00a0$48M spread over 15 years<\/a>\u00a0from the Kraft\u00a0Group, while\u00a0Everett<\/a>\u00a0would benefit from more than $90M over 20 years.<\/p>\n

\"Placeholder\"\/<\/p>\n

\n A rendering of the proposed New England Revolution soccer stadium\n <\/p>\n

The proposed $500M soccer stadium would be built alongside the Mystic River<\/a> in Everett. As a result, the deal includes $20M to build a 4-acre waterfront park, along with additional funds to maintain it. Kraft would also pay $17.5M for a new entrance at the Orange Line\u2019s Assembly station in Somerville<\/a>\u00a0near a pedestrian bridge that would connect to Everett across the river.<\/p>\n

The city of Everett would also receive a $2.25-per-ticket fee from the stadium, which would provide the Revolution their first dedicated stadium since the team was founded in 1996 as an inaugural franchise in Major League Soccer. The club has shared stadiums with the New England Patriots \u2014 also owned by the Kraft Group \u2014 in suburban Foxborough for the past three decades.<\/p>\n

Boston\u2019s agreement is concentrated on infrastructure improvements for Sullivan Square<\/a> in Charlestown<\/a>, the neighborhood expected to be most impacted by the influx of traffic caused by the stadium just outside the city limits.<\/p>\n

Under the deal, Boston would receive $13M in direct payments and establish a similar per-ticket fee structure \u2014 half of which would be directed to Charlestown-specific municipal projects. The city would receive $1 per soccer ticket or 1.5% on top of each concert ticket, the Boston Globe reports<\/a>.<\/p>\n

Ticket fees for both Boston and Everett would be adjusted for inflation, the Globe reported.<\/p>\n

Kraft also agreed to coordinate with the city to manage construction as well as traffic and parking once the stadium is completed. The group committed to solicit 25% of construction and ongoing contracts from local minority-, woman- or veteran-owned companies. Boston residents would be prioritized in hiring for stadium jobs.\u00a0<\/p>\n

Under the deal, the stadium would be built under 2070 flood resilience standards, as well as comply with zero net carbon operational goals and noise and light pollution mitigation requirements.<\/p>\n

The announcement, made Wednesday, is a major milestone in making the $500M soccer stadium a reality. It was necessary to meet a state-imposed Dec. 31 deadline to secure zoning approvals, according to the Globe.\u00a0However, the project still needs state and city environmental and planning approvals to start construction.<\/p>\n

\u201cThese agreements demonstrate the power of public\u2011private partnership to deliver transformational outcomes,\u201d the Kraft Group said\u00a0in a statement<\/a>. \u201cWe look forward to continued collaboration with Everett, Boston, and the community as the project advances through local and state review and as we take the many next steps necessary to bring this vision to life.\u201d<\/p>\n

\"Placeholder\"\/<\/p>\n

\n A rendering of the waterfront park proposed for the New Eagle Revolution stadium development\n <\/p>\n

The stadium is slated to be built on the site of the Mystic Generating Station, a power station that was fully decommissioned in 2024.\u00a0Current legislation<\/a>\u00a0allows for only the development of a stadium and park; otherwise, the lot will revert back to industrial use, according to the\u00a0city of Everett<\/a>.<\/p>\n

\u201cThis stadium will enhance Boston\u2019s position as the sports and entertainment capital of New England while transforming a blighted site on our doorstep,\u201d\u00a0Mayor Michelle Wu<\/a>\u00a0said in a statement.<\/p>\n

Wu\u2019s office noted that Kraft initially offered just $750K in a one-time payment for mitigation funds for the city. Kraft Group CEO\u00a0Robert Kraft<\/a>\u00a0is the father of\u00a0Josh Kraft<\/a>, who ran against Wu for mayor in 2025.<\/p>\n

The deal with Everett was inked in the final hours of Mayor Carlo DeMaria\u2019s tenure. DeMaria oversaw a massive\u00a0development boom in Everett<\/a>,\u00a0which included the $2.6B\u00a0Encore Boston Harbor<\/a>\u00a0casino, also on the Mystic River.<\/p>\n

\u201cIt\u2019s huge for us,\u201d DeMaria told the Globe following the Kraft deal. \u201cIt\u2019s something I envisioned for a long, long time \u2026 I\u2019m happy to have been able to get it done before my last days in office.\u201d<\/p>\n

While teams in the four major North American sports leagues \u2014 the NFL, NBA, MLB and NHL \u2014 have driven the majority of new stadium development in recent years, MLS teams are increasingly anchoring new projects and districts that surround them.\u00a0<\/p>\n

New York City’s first soccer stadium is under construction in Queens. It is tied to a larger development that is expected to yield thousands of affordable housing units.\u00a0<\/p>\n

In a 2022 announcement, former\u00a0Mayor Eric Adams<\/a>\u00a0said the\u00a0Willets Point<\/a>\u00a0stadium and surrounding development would generate $6.1B in economic impact over 30 years. However, watchdogs have since criticized the proposal, highlighting that the deal reached by the city passes up more than\u00a0$500M in tax revenues<\/a>.\u00a0<\/p>\n

In Miami, Inter Miami FC is building a stadium district on city-owned land called Miami Freedom Park, which is expected to open in April<\/a>.\u00a0The $1B project, which includes retail, housing, hotels and offices, is the\u00a0first stadium district coming<\/a> to the region.<\/p>\n","protected":false},"excerpt":{"rendered":"The Kraft Group\u00a0has struck deals with local government officials to give Boston’s 30-year-old soccer team, the New England…\n","protected":false},"author":2,"featured_media":384425,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[440],"tags":[49,48,32233,32242,32234,32235,14701,163559,163556,20748,33478,561,82,163558,163557],"class_list":["post-384424","post","type-post","status-publish","format-standard","has-post-thumbnail","category-soccer","tag-ca","tag-canada","tag-carlo-demaria","tag-charlestown","tag-everett","tag-josh-kraft","tag-major-league-soccer","tag-mayor-michelle-wu","tag-mystic-river","tag-new-england-revolution","tag-robert-kraft","tag-soccer","tag-sports","tag-sullivan-square","tag-the-kraft-group"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/384424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=384424"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/384424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/384425"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=384424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=384424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=384424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}