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Kraft Group Reaches Deals With Boston and Everett to Advance New Revolution Stadium

The agreements satisfy a state mitigation deadline, moving the waterfront proposal into formal permitting.

Overview

  • Boston’s package totals nearly $48 million over 15 years, including $13 million in direct payments and a permanent ticket surcharge of $1 per soccer ticket and 1.5% of concert tickets, which officials estimate at roughly $34 million in the first 15 years.
  • Everett’s deal includes $20 million for a four-acre waterfront park, $17.5 million for a new Assembly station headhouse to support a planned pedestrian bridge, and a $2.25-per-ticket fee over a 20-year term.
  • Everett officials value their agreement at an estimated $91.7 million in community benefits, separate from the Kraft Group’s commitment to extensive environmental cleanup and demolition of the former power plant.
  • The agreements, reached before a Dec. 31 deadline set by a 2024 state law, avert binding arbitration and clear the statutory requirement for community mitigation.
  • The privately funded plan envisions a roughly 25,000-seat stadium and public waterfront access, with permitting expected to take 12–18 months and demolition and construction projected at about three to four years if approvals are granted.