Everett cashing in at twice the rate of Boston as part of its Revs stadium deal with Kraft Group

The City of Everett and the Kraft Group reached a $91.7 million community impact agreement tied to the Krafts’ plan to build a new soccer stadium for the New England Revolution that includes per-ticket payments and an environmental cleanup.

The Everett agreement far exceeds the roughly $48 million deal the City of Boston struck with the Kraft Group, with a higher per-ticket revenue source for Everett and longer length of benefits — 20 years compared to 15 years in the Hub.

Everett is set to feel greater impacts as the host city for the 25,000-seat stadium while Boston is largely due to feel the traffic and parking impacts in the nearby Charlestown neighborhood, which is reflected in its own benefits agreement.

“I have always known that the residents of Everett deserve more than the inequitable burden of smokestacks and contaminated former industrial land that we have been asked to bear for too long,” outgoing Mayor Carlo DeMaria said Wednesday in a statement when the deal was announced.

“For months we have had honest conversations about what this project should look like and what Everett deserves as the host community,” the mayor said, adding. “This agreement and this project will bring Everett environmental, open space, employment, public transit, and revenue-generating community benefits that many people never thought would have been possible in our city.”

Under the terms of the 20-year agreement, the City of Everett will receive an estimated $91.7 million in total community value, delivered through direct payments, infrastructure investments, and other community benefits.

That amount is separate from the Kraft Group’s additional commitment of $100 million for environmental cleanup and mitigation at the former Mystic Generating Station, or power plant, site, the mayor’s office said.

The City of Everett will receive $2.25 for every ticket sold at the stadium — revenue that is projected to be generated from approximately 418,000 soccer tickets and an additional 520,000 event tickets annually, per the mayor’s office.

By comparison, the City of Boston will receive $1 per soccer ticket and 1.5% per concert ticket, which Boston Mayor Michelle Wu’s office projects will generate $2 million in the first year and roughly $34 million over its 15-year agreement.

DeMaria’s office said the Everett deal was contingent on community payments being no less than 110% of any payments made to Boston, given that the stadium site is almost entirely within Everett.

The City of Everett was largely on board with the Kraft Group’s plan to privately fund the new stadium, leading to negotiations that appeared to be far less contentious than those between the Krafts and Wu, which went to mediation when consensus was not reached by May 1.

A deal was struck in Boston just in time for the Dec. 31 deadline to avoid arbitration and allow the plan to move forward.

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In the backdrop of those tense negotiations last year was a mayoral race between Wu and Josh Kraft, a son of the billionaire New England Patriots owner Robert Kraft, who also owns the Kraft Group and Revolution.

The Krafts’ plans for a new stadium and park, made possible by 2024 state legislation that freed up 43 acres of land along the Mystic River, still need to go through the state and local permitting and approval process. A final transportation plan has not yet been completed.

“These agreements demonstrate the power of public‑private partnership to deliver transformational outcomes,” the Kraft Group said in a statement. “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.”

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