Kraft Group reaches deal with Boston & Everett for New England Revolution Soccer Stadium

FOXBOROUGH, MA– The New England Revolution have taken a monumental step forward in regard to getting a new soccer specific stadium in Everett, MA.

Illustrative Renderings that do not reflect the final design of the stadium for the New England Revolution. Image Courtesy of The Kraft Group.

On Wednesday, The Kraft Group announced that an agreement had been reached between the group, the City of Boston, & the City of Everett, that will bring a soccer specific stadium to Everett.

According to Jon Chesto of the Boston Globe, the deal with Boston is valued at $48,000,000, spread over 15 years, with most of the money going directly toward infrastructure improvements and other projects in Charlestown, most specifically, Sullivan Square.

The deal in Everett is similar but separate in nature as a community impact agreement has been reached with outgoing Mayor Carlo DeMaria that features a $20,000,000 deal to build a four-acre waterfront park along the Mystic River. Additionally, the deal includes a $17,500,000 new headhouse at the Orange Line‘s Assembly Station in Somerville for access to a pedestrian bridge that is slated to be built across the Mystic River to Everett. The deal also calls for a $2.25-per-ticket-fee for the city’s benefit. Officials from Everett value the agreement at more than $90,000,000 over a 20-year period.

Illustrative Renderings that do not reflect the final design of the waterfront park by The Kraft Group. Image Courtesy of The Kraft Group.

The Kraft Group released a statement announcing the two agreements:

“The Kraft Group has reached agreements with the cities of Everett and Boston, marking an important milestone in our effort to transform a long‑neglected industrial site along the Mystic River into a vibrant, publicly accessible waterfront destination and the future home of the New England Revolution. These agreements reflect years of collaboration with city leaders and community stakeholders to ensure the project delivers meaningful, lasting benefits for residents while addressing transportation, environmental, and municipal impacts. We are especially grateful for Mayor Carlo DeMaria’s leadership and vision. At its core, this is an investment in Everett and its future. In addition, it provides improved access and an enhanced neighborhood experience by removing a physical and visual barrier for the residents of Charlestown and we appreciate Mayor Michelle Wu and her team’s partnership.”

“Under the agreements, we will undertake significant environmental remediation and demolition of the long‑vacant powerplant, invest in extensive traffic and transportation improvements, and deliver substantial community benefits, including millions of dollars towards infrastructure improvements. The project will open the waterfront with the creation of a new public park, strengthen pedestrian and bicycle connectivity, and enhance access to public transit. We will also support Everett Public Schools, expand local employment opportunities, and make the stadium and waterfront park available for community and school events. Our shared commitment to Everett and Boston residents includes prioritizing local hiring, youth soccer clinics, and community programming. This project is intended to be a true neighborhood asset.”

“These agreements demonstrate the power of public‑private partnership to deliver transformational outcomes. We 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.”

Illustrative Renderings that do not reflect the final design of the stadium are shared by the Kraft Group. Image Courtesy of The Kraft Group.

Subsequently, City of Boston Mayor Michelle Wu said in a statement that her administration “fought for a fair deal for Boston and our residents, and that is what we have achieved through this agreement.”

“The language we passed into law made clear that the communities most affected by this project should have a voice in how this development moves forward,” Senator Sal DiDomenico, a Democrat from Everett, said in a statement. “I am happy to see the Revolution soccer stadium reach this critical step to making this transformational project a reality.”

“It’s huge for us,” outgoing Mayor Carlo DeMaria of Everett said of the Revolution project and the related waterfront improvements. “It’s something I envisioned for a long, long time… I’m happy to have been able to get it done before my last days in office.”

The stadium project still needs state and city environmental and planning approvals before work can start.

Early estimations suggest that the soccer specific stadium with cost the Kraft family over $500,000,000 to build.